Mexico will prioritize borrowing in pesos, finance minister says
TLT•Mexico will prioritize borrowing in local currency at fixed rates and long-term maturities to reduce exposure to interest-rate and exchange-rate movements. Finance Minister Edgar Amador said 79% of the debt will be denominated in local currency, mostly at fixed rates and long-term maturities.
1. Peso borrowing priority
Mexico will prioritize borrowing in local currency at fixed rates and long-term maturities to reduce exposure to movements in interest rates and exchange rates, Finance Minister Edgar Amador told lawmakers. He said 79% of the debt will be denominated in local currency, mostly at fixed rates and long-term maturities.
