Mexico tightens price guidance on 2024 and 2045 euro benchmark bonds
By Michael Turner
LONDON, Feb 26 (IFR) - The United Mexican States has tightened the price guidance on its new euro-denominated benchmark-sized 2024 and 2045 bonds, according to a lead.
The March 2024 bond is now being marketed to investors at 120bp area over mid-swaps, inside initial price thoughts of plus 135bp area earlier today.
Guidance on the March 2045 bond has been cut to 195bp area over mid-swaps, from plus 205bp area.
Barclays, Deutsche Bank and Santander are running the deal, which is expected to price today.
Mexico is rated A3 stable by Moody's, BBB+ stable by Standard & Poor's and BBB+ stable by Fitch. (Reporting By Michael Turner; editing by Sudip Roy)
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