Business Services Industry
Mexico included on JP Morgan Government Bond Index.
Internet Securities, January, 2003
MEXICO CITY, Jan 9, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- JP Morgan has this year incorporated eight Mexican issues into its Government Bond Index (GBI), giving a vote of confidence to economic stability, reported the Secretariat of the Treasury.The Jan. 2 GBI included fixed-rate issues in pesos with expirations from 2004 to 2011, representing 23.76% of the total government securities in circulation on the local market at the time.The inclusion of Mexican Fixed-Rate Long-Term Bonds in the GBI will allow the cost of public debt financing to diminish in the medium and long term, and will favor the liberation of resources for priority government programs, the secretariat said. The Secretariat considers that Mexico's inclusion in...
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