Mexico sets IPTs of T+230bp area on USD 10-year bond

miércoles 13 de enero de 2016 10:15 GYT

By Paul Kilby

NEW YORK, Jan 13 (IFR) - Mexico approached investors on Wednesday with initial price talk of US Treasuries plus 230bp area on a new US dollar bond due January 2026.

Pricing is expected later Wednesday on the benchmark-size bond, which is being led by bookrunners Citigroup, JP Morgan and Morgan Stanley.

Expected ratings are A3/BBB+/BBB+ by Moody's, S&P and Fitch. Proceeds will be used for general budgetary purposes. (Reporting by Paul Kilby; Editing by Marc Carnegie)