BEST CORPORATE BOND
Southern Copper Corporation (SCC) saw jumbo demand for a $1.5 billion April 2010 issue of new 10 and 30-year bonds, which were tightly priced but still traded up.
The Grupo México unit operating in Peru was able to bring the yield significantly in from early price talk amid nearly $9 billion in orders.
The scarce Baa2/BBB/BBB minus miner priced $400 million in 2020 bonds at 99.481 with a 5.375% coupon to yield 5.443%, or UST plus 162.5 basis points, well through 175.0-187.5 basis points talk, which was tightened to 162.5-175.0. It was bid at 106.209 (180 basis points) mid-November, according to Credit Suisse,...
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