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Investors Inflate Mexichem Books

Sep 13, 2012

Mexichem returned to the dollar market for $1.15bn after a 3-year absence, capitalizing on the scarcity value of Mexican coporates to draw $17bn in total demand. Pricing competitively to Braskem’s dollar curve, the industrial conglomerate issued 10 and 30 year tranches that were larger than expected, by $50m and $100m, respectively. A $750m 2022 bond priced at 99.206 with a 4.875% coupon to yield...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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