Mexico Sets Minimum Prices For Debt Exchange Warrants

Mexico set the minimum prices for the warrants in its $2.7 billion offer to exchange outstanding dollar and euro-denominated debt for locally issued Treasuries late Wednesday. The XWD07 and XWA07 warrants, which trade as a unit until September, will have a minimum price of $53.00, while the XWE07s have a minimum price of €20.00. The auction is being managed by Credit Suisse and Goldman Sachs.