Mexico's finmin says will cut debt issuance, buy back bonds

April 11, 2016 8:21 PM

17 0

MEXICO CITY, April 11 Mexico's finance ministry on Monday said that it would use a transfer from the central bank to reduce government debt issuance by at least 64 billion pesos ($3.62 billion) this year and buy back up to 103 billion pesos of government debt.

The ministry said it was still analyzing ways that it could help state-run oil company Pemex, which has been hobbled by a slump in international crude prices.

Also read: ECB Leaves Stimulus Unchanged as Decision Deadline for QE Looms

Read more

To category page