Overview
- The transaction replaced Cetes, Bonos M and Udibonos maturing from 2026 to 2050 with new instruments dated from 2027 to 2057.
- The swap lengthened the average maturity of the refinanced portion by 6.62 years.
- Of the total exchanged, MXN 64,564 million were 2026 maturities, MXN 20,195 million were 2027, and MXN 90,889 million were 2028 and beyond.
- Hacienda said the move strengthens the yield curve and deepens liquidity in the local secondary market.
- It is the second domestic refinancing this year under the 2026 financing plan, which the ministry says reflects investor confidence and supports debt sustainability.