Santander Mexico Prices Bond Debut

Santander Mexico Prices Bond Debut

Mexico Bonds

In its international DCM debut, Santander Mexico has raised $1bn in 2022 senior unsecured bonds while getting $4.3bn in demand. The addition of debt follows a well-received $4.1bn IPO in September. The BBB/BBB+ rated transaction priced at 98.183 with a 4.125% coupon to yield 4.351%, or UST+260bp, the tight end of UST+265bp-area guidance which followed high 200bp talk. The bonds were trading up 0.125-0.375 points in the grey Tuesday afternoon. Some investors reported looking at BBVA Bancomer’s (A

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