Mexico has raised $2 billion through a sale of 20-year peso-denominated bonds, Reuters reports. The bonds were issued via a syndicated auction.

The bonds, which carry a coupon rate of 7.75 percent, will mature in May 2031, adds NASDAQ. The notes were sold at an average yield of 7.11 percent.

Click here for the story from Reuters.

Click here for additional coverage from NASDAQ.