Sempra Mexico Sale Broadens Domestic Market

Sempra Mexico Sale Broadens Domestic Market

Mexico Bonds

Sempra Mexico has priced a MXP5.2bn ($412m) domestic bond sale, the local market’s first transaction from a non-government energy sector issuer. The Mexican unit of US-based Sempra Energy priced in line with expectations and was thought to give domestic institutions a 10bp pickup to government-owned Pemex. A MXP1.3bn 2018 floating-rate tranche pays TIIE+30bp and a MXP3.9bn 2023 fixed-rate tranche pays 6.30%, or Mbonos+125bp. The long tranche offered 10bp premium to where a new Pemex 10-year woul

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