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Mexico amortizes debt with repurchase of bonds for 1,831 million dollars

The Ministry of Finance today reported the repurchase of government bonds for 34,913 million pesos (about 1,831 million dollars) with resources from the remainder of the Bank's operation. Mexico to reduce the federal debt.

Mexico, Nov 16 (EFE) .- The Ministry of Finance today announced the repurchase of government bonds for 34,913 million pesos (about 1,831 million dollars) with resources from the remainder of operation of the Bank of Mexico to reduce the federal debt.

The operation included the repurchase of M bonds with expiration dates in 2018 and 2019, and the Udibono with maturity in 2019, with what "helps to improve the profile of maturities" of the federal government, the Treasury said in a statement.

Finance said that this operation concludes the program of utilization of 70% of the balance of operation of the Bank of Mexico corresponding to the year 2016, "destined to reduce the indebtedness of the Federal Government".

On March 29, the Banco de México delivered to the Government 321.653 billion pesos (16.867 billion dollars) for the remainder of operation of fiscal year 2016.

According to the federal law of budget and financial responsibility, the Government should use in the amortization of public debt 70% of the remainder, equivalent to 225,157 million pesos (11,807 million dollars).

Hacienda began using the remainder last May 25 with the repurchase of government securities for 40,000 million pesos (2,097.5 million pesos). dollars).

In addition, it allocated 11,488 million pesos (602.4 million dollars) to the reduction in the placement program for the third and fourth quarters; (3,905.6 million dollars) to no external market indebtedness in 2017.

A second repurchase of government securities was made on October 26 for 65,489 million pesos (3,434 million dollars), said the ministry.

In the repurchase of government bonds this November 16, the 36,629 million pesos (1,815 million dollars) were used. they remained of the remnant and the difference was covered with resources of the federal government's treasury, added Hacienda.

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