Overview
- The Treasury completed a syndicated operation this week that issued a new 10‑year Udibono (S 370423) for 6,763 million pesos and executed a 183,202 million‑peso refinancing to reshape domestic debt.
- The new Udibono matures in April 2037, carries a 4% coupon and yielded 4.60%, and its outstanding stock rose to about 10,876 million pesos after the transaction.
- The liability swap extended the average maturity of the refinanced paper by 3.64 years and replaced short‑ and medium‑term instruments through repurchases of Cetes, Bondes F, Bonos M and other Udibonos.
- The operation injected 4,113 million pesos of extra liquidity into the new Udibono and, according to the Treasury, the results reflect demand from national and foreign investors though authorities did not disclose participant counts or total fees.
- The moves form part of the Plan Anual de Financiamiento 2026 and aim to lower concentrated near‑term payment risk for a country whose domestic debt accounts for a large share of total public liabilities, easing short‑term fiscal pressure and deepening the local bond market.