VOL. XXXI
NO. 22
7-MARCH-1988
Financial and Banking News
INTERNATIONAL BANKING
Mexican Bonds Find Few Buyers
Mexico's ground-breaking attempt to retire a significant portion of itsforeign commercial debt by replacing bank debt with US Treasury-backed bonds hasmet with a lukewarm reception from the international banking community. Mexicooffered up to $10bn-worth of 20-year bonds (MEES, 18 January) under the scheme,and in the event was able to sell only $2,557mn of the paper, which carried a30%...
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