Stuffed Investors Nibble Sweetened Sigma

Stuffed Investors Nibble Sweetened Sigma


Sigma Alimentos’ $250m 10-year priced wider than expected, amid indigestion from a week heavy for Mexican issuance. The food products unit of Grupo Alfa priced the 2019 to yield UST plus 374.5bp, wide to the 350bp-area guidance issued Monday. The BBB minus 2020 came at 98.059 with a 6.875% coupon to yield 7.150%. The book was about $500m, bankers on the deal say, and the bond was heard trading up 0.25-0.50 points late Wednesday afternoon. Despite putting out the guidance at the scheduled end of

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