Latin Finance recognized Mexico as the most innovative debt manager in 2020

The Ministry of Finance and Public Credit (SHCP) received the award Sovereign Issuer of the Year for market operations carried out in 2020 and in the first days of 2021. The distinction in charge of Latin Finance recognizes the most outstanding international financial transactions, taking into account the complexity, innovative elements, the importance of the market and the execution of each transaction. Taimur Ahmad , CEO of Latin Finance , congratulated the Mexican agency on the award, which had not been awarded to the country since 2015. On behalf of my team, I would like to congratulate Mexico and particularly the Ministry of Finance for the award for the issuing country of the year. The award is rigorously evaluated by the editorial department of Latin Finance . It is awarded for various reasons, mainly innovation in their 2020 issuance strategies, as well as for setting a reference in its emissions that not only increased its investor base, but also assets, he said in a video posted on social networks. For his part, Gabriel Yorio González , Undersecretary of Finance, stressed that this is the most important distinction for a country, which is a sign of the confidence that markets and investors have in Mexico. I want to thank Latin Finance for awarding Mexico as one of the most innovative debt managers, this is the most important award that a country can receive and Mexico has not received it since 2015. That is why I want to thank the public credit unit, they are responsible for managing the debt at the lowest cost, at the lowest risk, and keeping it on a path of sustainability. This distinction is a recognition of the confidence that markets and investors have in Mexico. Through a press release , the agency led by Arturo Herrera detailed the movements for which it was awarded: January 2020 (dollar market): financing operation for 2,300 million , accompanied by a liability management exercise. What at the time was the lowest coupon rate in the history of issues in this market was achieved. - January 2020 (euro market): financing operation for 1,750 million , of which 1,000 million were used to buy back a bond that expired in 2021. The lowest coupon rate in the history of issues was achieved in this market. -April 2020 (dollar market): financing operation for 6,000 million , became the largest issuance in the history of the country and allowed to ensure liquidity during the long periods of volatility generated by the COVID-19 pandemic. - September 2020 (euro market) - issuance of the first sustainable sovereign bond for an amount of 750 million and which achieved the second lowest historical coupon rate for issues in this market. Thanks to this latest transaction, Mexico became the first sovereign issuer in the world to issue a sustainable bond linked to the United Nations Sustainable Development Goals, says the bulletin released this Thursday. In addition to this, the SHCP indicated that the aforementioned movements have the objective of improving the maturity profile and reducing the financial cost of the debt through the execution of liability management operations in the dollar and euro markets. It should be noted that Mexico made an issue for the first time on the Formosa market through a cross listing on the Taiwan and Luxembourg stock exchanges.