March 6, 2017 / 4:31 PM / in 5 months

Mexico places $1 bln of new peso hedge, demand for $2 bln

MEXICO CITY, March 6 (Reuters) - Mexico's central bank placed all $1 billion of a new peso hedge instrument offered in an auction on Monday, according to the central bank website.

Total demand for the new instruments, which are like non-deliverable forwards that pay in pesos, was $2.075 billion. The central bank offered six-different maturities of up to 1-year. (Reporting by Michael O'Boyle and Anthony Esposito)

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