Mexico launches $2.5 billion of warrants

New angles

A recent cross-currency exchange warrants transaction by Mexico could mark a shift to greater local currency issuance by emerging market bond issuers, say dealers. The three cross-currency warrants give investors the option to switch from existing dollar-denominated Mexican bonds into local currency-denominated notes – the first time an emerging markets sovereign issuer has used warrants to increase investment in its local bond market.

The $2.5 billion of warrants, issued on November 18

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: