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Mexico to issue $425 mln in catastrophe bonds in coming weeks

MEXICO CITY, Feb 13 (Reuters) - The Mexican government will in the coming weeks issue catastrophe bonds worth about $425 million, Finance Minister Arturo Herrera said on Thursday.

"These bonds cover risks associated with large-scale natural disasters," Herrera wrote in a post on Twitter, adding that the process to begin the issuance was launched on Wednesday. (Reporting by Drazen Jorgic; Editing by David Alire Garcia)