Mexico sets spreads on dual-tranche euro benchmark
By Michael Turner
LONDON, Feb 16 (IFR) - Mexico has set the spreads on its dual-tranche euro deal, according to a lead.
The six-year will price at 180bp over mid-swaps and the 15-year at 245bp over mid-swaps.
Guidance was 180bp to 185bp over mid-swaps on the six-year and 250bp area for the 15-year, while marketing began earlier on Tuesday at price thoughts of swaps plus 190bp area and plus 255bp area.
Barclays, BNP Paribas, Credit Suisse and UBS are running the SEC-registered transaction.
Books are due to close at 2pm London time.
Mexico is rated A3 by Moody's and BBB+ by Standard & Poor's and Fitch. (Reporting by Michael Turner, editing by Julian Baker)
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