(Corrects amount of bonds to be exchanged and maturity.)
Mexico will swap out as much as 22 billion pesos of fixed-rate bonds.
The nation’s central bank will oversee an auction for the Finance Ministry on Aug. 1 of bonds maturing in 2016, 2017, 2018 and 2024. The securities will be exchanged for debt maturing in 2014, 2015, 2016, 2021 and 2027, according to a statement posted today on the central bank’s website.
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