June 22, 2020 / 3:50 PM / 17 days ago

Mexico to offer $11 billion in auctions via Fed swap mechanism

MEXICO CITY (Reuters) - Mexico will put up a total of $11 billion in two auctions via a swap mechanism agreed with the U.S. Federal Reserve earlier this year, Mexico’s currency commission said on Monday.

The two auctions, worth $7 billion and $4 billion respectively, would be held on June 24 and June 29, the commission said in a statement.

Reporting by Dave Graham; Editing by Frank Jack Daniel

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