Molymet Shrinks Tequila Bond, Plans Retap

Molymet Shrinks Tequila Bond, Plans Retap

Chile Mexico Bonds

Chile’s Molymet has issued MXP1bn ($78.6m) in 2023 bonds in the Mexican domestic market, raising less than a planned MXP2.6bn. Nonetheless, the deal is the first 10-year maturity among so-called tequila bonds, or Mexican domestic-market bonds from a foreign borrower. A reopening of the bond to build up its liquidity is possible later this year, according to a person familiar with the transaction. The metals processor priced at 7.03%, or Mbonos +200bp, in line with Mbonos+200bp-area guidance. Dem

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