NEW YORK, Aug 8 (IFR) - Order books on Mexico’s two-part US dollar bond sale have swelled close to US$6bn, one of the lead banks told IFR on Monday.
The country is approaching investors with initial price thoughts of T+165bp area on a tap of its 4.125% January 2026s and T+225bp area on a new long 30-year maturing in January 2047.
Proceeds are going to redeem part or all of Mexico’s outstanding 5.625% 2017s.
Joint bookrunners BBVA, Bank of America Merrill Lynch and Credit Suisse are expected to price the bonds Monday. The SEC registered transaction is expected to be rated A3/BBB+/BBB+. (Reporting by Paul Kilby; Editing by Natalie Harrison)