January 10, 2018 |
Mexico rounded outs its 2018 funding requirements with its second cross-border bond sale in less than week. This time, the sovereign printed €1.5bn ($1.7bn) in 2028 securities, DCM sources confirmed.
Barclays, Citi and Santander started initial price talk at 100bp over mid-swaps before tightening yield at guidance to 90bp. Leads launched the transaction at 85bp over mid-swaps before pricing the paper with a 1.75% coupon to yield 1.77%, or a reoffer price of 98.817.
The A3/BBB+/BBB+ rated soverei
Sovereign issuer doubles-down on last week's effort in the dollar market with a $1.7bn transaction in euros