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Mexico Sells 100-Year Bond in Euros in First Offer by Government

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Mexico sold the world’s first 100-year government notes in euros and its third so-called century bond as the nation seeks to lock in lower borrowing costs amid the European Central Bank’s unprecedented stimulus.

The country offered 1.5 billion euros ($1.62 billion) of debt due in March 2115 with a 4.2 percent yield to maturity, according to a statement from the Finance Ministry. Yields on Mexico’s 30-year euro bonds sold in February have fallen 0.32 percentage points since the debt started trading to 2.77 percent as of 3:22 p.m. in New York.