Mexico City /
The Secretary of Finance and Public Credit (SHCP) reported that the government of Mexico updated its program for issuing external debt before the Stock Exchange Commission (SEC, for its acronym in English).
He explained that this action does not represent a new operation of debt issuance or the intention to carry out a transaction in the market.
In addition to having no impact on the roofs of external debt authorized by the Congress of the Union for the current fiscal year or for subsequent years.
The federal agency explained that said update is a requirement that the SEC (Securities and Exchange Commission) of the United States requests that all sovereign issuers, to expedite the operations that they may carry out in the external market in the window of opportunity they consider, without requiring registration per operation.
This through an authorized global amount (program by 15 billion dollars) with an intertemporal validity.
“This process does not imply under any circumstances a commitment or obligation to carry out any type of emission,” he added.
He recalled that recently, other countries updated their respective programs before the SEC in the same way as Panama, Brazil and Chile.
“The federal government, through the Ministry of Finance, reaffirms its commitment to using external credit as a merely complementary source of financing,” he said.
However, he stressed that he will only resort to the above when the attractive conditions of cost and risk can be obtained, as long as it is within the ceilings of external debt authorized by Congress
MATP
