Mexican Driller Caps off DCM Rush

Mexican Driller Caps off DCM Rush

Mexico Bonds

Mexico’s Offshore Drilling Holding (ODH) has raised a $950m 2020 NC4 bond, getting $1.5bn in demand to cap off a busy week in the cross-border DCM. The deal was one of five Friday combining to raise a total of $2.3bn. Issuers, getting out ahead of this week's US FOMC meeting, raised $5.3bn last week. The entity that owns, finances, and charters Grupo R’s offshore drilling fleet priced at 99.351 with a 8.375% coupon to yield 8.500%, in line with 8.500%-area guidance and low-to-mid 8% initial pric

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