Mexico plans to issue dollar-denominated bonds, continuing last year's borrowing boom; last year, the country became the largest borrower in emerging markets. According to the preliminary prospectus submitted on Monday, the government is issuing notes due in 2034, 2038 and 2056. Barclays, Deutsche Bank, HSBC, Morgan Stanley, and Scotiabank are listed as joint bookkeeping banks for this transaction, but the exact potential scale has not been disclosed. Previously, Mexico raised a record $41 billion through hard currency bonds in 2025, making it the most active sovereign country in emerging markets and driving Latin America's $184 billion debt boom. Together with Chile, Mexico is now one of the first Latin American countries to issue dollar bonds this year. The context of this intensive financing is the Mexican government's commitment to support its state-owned oil company, Petromexico. The company is under heavy pressure of about $100 billion in debt, and its oil production has fallen to a decades-long low.

Mexico plans to issue dollar-denominated bonds, continuing last year's borrowing boom; last year, the country became the largest borrower in emerging markets. According to the preliminary prospectus submitted on Monday, the government is issuing notes due in 2034, 2038 and 2056. Barclays, Deutsche Bank, HSBC, Morgan Stanley, and Scotiabank are listed as joint bookkeeping banks for this transaction, but the exact potential scale has not been disclosed. Previously, Mexico raised a record $41 billion through hard currency bonds in 2025, making it the most active sovereign country in emerging markets and driving Latin America's $184 billion debt boom. Together with Chile, Mexico is now one of the first Latin American countries to issue dollar bonds this year. The context of this intensive financing is the Mexican government's commitment to support its state-owned oil company, Petromexico. The company is under heavy pressure of about $100 billion in debt, and its oil production has fallen to a decades-long low.