Mexico returned to the Samurai bond market for the first time in two years on Friday, raising ¥282.8 billion ($1.77 billion) amid a rush of issuance as borrowers seek to lock in funding before Japanese interest rates potentially climb further. The bonds were sold in four tranches ranging from 3.5 to 20 years, with premiums of 115 to 210 basis points over the benchmark yen swap rate.

Mexico’s last such offering was August 2024 with a ¥152.2 billion deal, in keeping with its cadence of issuing Samurai bonds every one-and-a-half to two years. The issuance comes as global borrowers accelerate debt sales to secure current rates ahead of potential monetary policy shifts by the Bank of Japan.

By Atsuko Fukase and Kelsey Butler, Bloomberg Markets, August 28, 2026.