Fresnillo Tightens Debut
Mexican precious metals mining company Fresnillo has raised $800m in its debut bond sale, tightening the 10-year bond by 25bp, while deciding against an additional 30-year tranche due to tepid demand. Despite the tightening, the BBB/Baa2 credit drew more than $4bn in orders. The silver and gold miner priced the 2023 at 99.242 with a 5.50% coupon to yield...
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