Ajustabonos

Ajustabonos

An inflation-indexed bond issued by the Bank of Mexico. Ajustabonos have maturities of three to five years. They pay interest each quarter based on the inflation adjusted value of their 100-peso face value. That is, interest on ajustabonos is based on the worth of 100 pesos at the time the bond was issued. Ajustabonos guarantee a real return.
References in periodicals archive ?
Infinity's Fin++(R) Class Library and the Infinity Data Model have been extended to handle Latin American securities such as Cetes, Tesobonos and Ajustabonos in Mexico, and BBCs, NTNs and BM&F derivatives in Brazil.
During March 1993 the bank completed a sale for the equivalent of US $530 million of its Ajustabonos position having maturities of up to 15 months to a special purpose vehicle, which in turn issued senior and junior debt denominated in dollars in the international markets.