Mexico To Launch New Dollar Benchmark Bond

Mexico is planning to launch a new dollar-denominated benchmark bond following a debt buyback of other foreign-currency bonds next week. The government has offered to buy back bonds with maturities ranging from 2007 to 2033, with investors allowed until March 2 to submit offers. The new benchmark bond, with a maturity of between 10 and 15 years will then be issued, possibly up to $5 billion worth, offering investors an instrument with greater liquidity.