The Treasury raises amounts of bonds to be auctioned in the first quarter of 2023

The Treasury raises amounts of bonds to be auctioned in the first quarter of 2023

The average offer of three and five-year bonds will increase by 2,000 million pesos (mp) to 14,000 million pesos, the 10-year instruments from 4,000 million pesos to 14,000 million pesos and those of 30 years from 1,200 million pesos to 8,500 million pesos, detailed the Treasury in a statement this Thursday.

The averages to place 20-year bonds, on the other hand, would be reduced by 67 million pesos to 6,000 million pesos, he added.

There will be one additional auction at three and five years compared to the fourth quarter, and one less auction at 10 and 20 years, yet the total amount of paper issuance in the period is expected to grow, government plans show.

The public debt policy of the Government of Mexico will continue to be guided by a proactive and flexible strategy during the first quarter of 2023, seeking to meet financing needs, preferably in the local market, and will adjust to the public deficit target in order to to continue strengthening the country’s macroeconomic fundamentals and public finances, said the Treasury.

With information from Reuters

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