8 de agosto de 2016 / 16:41 / en un año

Mexico sets guidance on two-part US dollar bond

NEW YORK, Aug 8 (IFR) - Mexico tightened pricing on a two-part US dollar bond on Monday, as demand for the deal swelled close to US$9bn, according to one of the lead managers.

The sovereign set guidance of Treasuries plus 150bp area on a tap of its 4.125% January 2026s and 210bp area on a new long 30-year maturing in January 2047, with area at plus or minus 5bp.

That was tight to initial price thoughts of T+165bp area and T+225bp area respectively.

Proceeds are going to buy back up to all of Mexico’s roughly US$2.67bn of outstanding 5.625% 2017s.

Joint bookrunners BBVA, Bank of America Merrill Lynch and Credit Suisse are expected to price the bonds later on Monday. (Reporting by Davide Scigliuzzo; Editing by Marc Carnegie)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below