Mexico sells $4 bn in long-term debt

Mexico City, Jan 10 (EFE).- Mexico has sold $4 billion in global bonds maturing in 2021 and 2045, the Finance Secretariat said.

The government sold $1 billion in seven-year bonds Thursday at a yield of 3.607 percent, 120 basis points more than U.S. Treasury securities of the same maturity.

It also sold $3 billion in 30-year bonds at a yield of 5.586 percent, 170 basis points higher than Treasuries.

The secretariat said demand for the bonds outstripped supply by a ratio of two to one and cited the participation of more than 219 institutional investors from the Americas, Europe and Asia.

The debt issuance was Mexico's first this year and follows Standard & Poor's move last month to raise the country's credit rating.

S&P said in raising Mexico's investment-grade rating from BBB to to BBB+ on Dec. 19 that "the passage of a landmark energy reform, supported by some changes in the fiscal framework, bolsters Mexico's growth prospects and fiscal flexibility in the medium term."