NADB Retaps Bonds

NADB Retaps Bonds

Mexico Bonds

The North American Development Bank (NADB), a lender 50% owned by Mexico’s government, has emerged to retap its 2022 bonds for $180m. Starting on the back of some $100m in reverse inquiry, the supranational drew approximately $300m in orders and boosted the outstanding size of the bond to $430m. The 2.40% coupon note reopened at 101.363 to yield 2.245%, or UST+62bp, inside of UST+65bp initial price talk. The 2022 had been quoted at UST+60bp in the secondary, according to sources following the sa

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial