HSBC Mexico Makes Rare DCM Visit

HSBC Mexico Makes Rare DCM Visit

Mexico Bonds

HSBC has issued MXP5bn ($381m) in fixed and floating-rate domestic bonds, according to people familiar with the terms. The Mexican arm of HSBC Holdings priced a MXP2.7bn 2023 bond at 8.08% or Mbonos+161bp, in line with 160bp area guidance. A MXP2.3bn 2018 bond priced at TIIE+30bp, in line with TIIE+30-35bp guidance. Total demand topped 2.1x, with Afores participating in the fixed-rate portion and treasuries, mutual funds, retail and other investor types participating in the FRN. Proceeds will he

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