The Ministry of Finance and Public Credit (SHCP) carried out a debt refinancing for 123,437 million pesos, which will be the last of the year and seeks to strengthen the public debt portfolio denominated in pesos corresponding to 2025 and subsequent years.
According to information from the agency, the average term of the refinanced debt was extended by 2.89 years.
The Treasury specified that in line with the public debt policy and the annual financing plan, 123,437 million pesos were repurchased in various debt instruments, such as Cetes, Bondes F, Bonos M and Udibonos.
Of this total, 36,531 million pesos corresponded to maturities in 2025; 57,501 million by 2026; and 29,405 million with maturities between 2031 and 2033. Simultaneously, longer-term instruments were placed, with maturities between 2026 and 2035.
The new three-year M Bond reference, maturing in 2028, was placed at a yield rate of 9.68%. Due to the high demand from investors, the liquidity of this instrument was increased by 33,000 million pesos.
Regarding the new reference, the total demand exceeded 27,000 million pesos, which is equivalent to 2.09 times the amount placed. The new fixed rate M Bond will pay a coupon of 8.50%.
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