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Mexico City Accepts 55% Of $6.7 Billion In Bids Under Debt-bond Swap Program

LADB Article ID: 075255
Category/Department: General
Date: Tuesday, March 8, 1988
By: John Neagle

On March 3, the Mexican government announced that it had accepted 55% of the $6.7 billion in bids submitted by 139 creditor banks under the debt-bond swap plan. On the following day, J.P. Morgan & Co. of New York said that Mexico City had ac...

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