Fulfilling what is almost a tradition, along with the change of the year, Mexico inaugurated issuance in the international markets with a US$7.5 billion sovereign debt placement, a historic record for the country. Mexico has been inaugurating the international sovereign issuance market for ten consecutive years.

This issuance, consisting of 5, 12 and 30-year bonds, comes at a time when the Mexican government approved a sharp increase in its budget and debt ceiling, comes at a time when the Mexican government approved a sharp increase in the budget and debt ceiling, coinciding with the last year of the administration of President Andrés Manuel López Obrador.The issuance comes at a time when the Mexican government approved a sharp increase in the budget and debt ceiling, coinciding with the last year of President Andrés Manuel López Obrador's administration. This breaks with the austere fiscal policy followed by the government so far.

The increase in spending scheduled for this year, including a 25% hike in the cash assistance it provides every two months to 6,000 seniors, had a negative impact on the market mood, which was reflected in a two cents on the dollar drop in the notes due in 2053 following the announcement.t had a negative impact on the market mood, which manifested itself in a two cents on the dollar drop in notes due 2053 following the announcement. But it was a one-off reaction. As several analysts point out, Mexico's public debt is relatively low, equivalent to around 47% of GDP.

Along these lines, the recent bond issue had a demand of more than US$21 billion. According to the Ministry of Finance, the issuance was able to reduce the cost of financing and insures 100% of the external debt maturities for 2024.