Facileasing Prices in Line with Expectations

Facileasing Prices in Line with Expectations

Mexico Bonds

Mexico’s Facileasing has issued a MXP1.3bn ($101m) dual-tranche bond in the domestic market. A MXP750m 2014 portion priced at TIIE+60bp, flat to 60bp guidance, and a MXP550m 2020 fixed-rate tranche priced at 6.45%, or Mbonos +170bp, according to a person following the sale. The long tranche represents the first time a credit in Facileasing’s sector has printed a 7-year maturity. Demand topped MXP2.4bn, with participation seen from investment companies, private banks, bank treasuries, Afores and

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