Mexico has swapped $648 million of inflation-linked debt, Bloomberg reports. The holders handed over inflation-linked bonds scheduled to mature in December 2017 and June 2019 in exchange for debt due to mature in December 2020.

The government traded $470.3 million of short-term bonds, about half of the $855 million of notes it offered. The government has exchanged $2.83 billion of debt in 2011, including this transaction.

Click here for the story from Bloomberg.