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Mexico's central bank offers to buy back gov't debt
Banxico plans to repurchase up to US$5.86 billion in government bonds.
(Photo: Archive)
Mexico's central bank said on Tuesday it would offer to repurchase government bonds in line with market demand in an auction on Wednesday.
Banxico plans to repurchase up to 103 billion pesos (US$5.86 billion) in government bonds.
The finance ministry announced last month it would launch a debt buy-back using proceeds from some of the central bank's gains made on its dollar reserves in 2015.
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