LONDON, Feb 16 (IFR) - The United Mexican States has set price guidance on a dual-tranche euro-denominated benchmark-sized bond, according to a lead.
The issuer is offering investors 180bp to 185bp over mid-swaps on a six-year tranche and 250bp area over mid-swaps on a 15-year tranche.
This compares to initial price thoughts released earlier on Tuesday of mid-swaps plus 190bp area and mid-swaps plus 255bp area, respectively.
Barclays, BNP Paribas, Credit Suisse and UBS are running the SEC-Registered transaction.
Books are open and the trade is expected to be Tuesday’s business.
Mexico is rated A3 by Moody’s and BBB+ by Standard & Poor’s and Fitch. (Reporting by Michael Turner, Editing by Helene Durand)