Mexico sells double-tranche Eurobond

Mexico sells double-tranche Eurobond


European investors snatched up Mexico’s bonds on Tuesday in a transaction that allowed the sovereign to raise EUR2bn ($2.75bn) in 2021s and 2029s, cementing its appeal as a top emerging market investment destination. The 2021s sold at a 2.40% yield and the 2029s sold at a 3.75% yield, while the equally-sized bonds carry coupons of 2.375% and 3.625%, respectively. The transaction was said to be 3.4-times oversubscribed, which allowed bookrunners BBVA, BNP Paribas and Deutsche Bank to tighten the

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