Below is an interesting article by Adam Thomson, in the Financial Times about Mexico's finances.
Startling transformation of Mexico’s finances
By Adam Thomson in Mexico City (Financial Times)Published: October 14 2010 13:31 | Last updated: October 14 2010 13:31
When it comes to emerging markets these days, it is not often that Mexico outshines Brazil. But this month, Latin America’s second-largest economy did just that as it issued the region’s first century bond as well as the largest amount placed with a 100-year maturity: $1bn.
There is little doubt that the milestone – achieved at a modest yield of 6.1 per cent – could not have happened were it not for record-low interest rates in industrialised countries and investors’ voracious search for higher yields.
To read the rest of the article please click here
There is little doubt that the milestone – achieved at a modest yield of 6.1 per cent – could not have happened were it not for record-low interest rates in industrialised countries and investors’ voracious search for higher yields.
To read the rest of the article please click here
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