Mexico Taps Samurai Investors for $820m

Mexico Taps Samurai Investors for $820m

Mexico Japan Bonds

Mexico has raised JPY80.6bn ($822m) through a triple-tranche Samurai issue, marking its second non-JBIC guaranteed bond in the Japanese market. In the largest unguaranteed Samurai offering since 1997, the deal attracted more than 50 Japanese accounts from a diversified investor base and locked in better spreads than last year’s Samurai issue. It sold a 2016 JPY48.6bn tranche at par with a 1.16% coupon to yield Yen swaps plus 80bp, in line with guidance but on the wider end of 60bp-80bp initial p

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