Mexico says to increase bond issuance in first quarter of 2019

MEXICO CITY: Mexico will raise its planned bond issuance in the first quarter of 2019 and offer the same amount of treasury bills, or Cetes, the finance ministry said on Thursday.

Issuance of peso-denominated bonds in three, five and ten-year maturities will each increase on average by 1.2 billion pesos ($61 million) compared with the previous quarter, the ministry said in a statement.

Meanwhile, auctions of 20 and 30-year bonds will be increased by 700 million pesos on average, the ministry said.

Between 5 billion and 15 billion pesos of Cetes in all maturities will continue to be offered, it added.