January 1, 2013
The re-emergence of Mexico as a favorite with investors and the continued brisk business in the cross-border bond market were two of the strongest themes in Latin America’s capital markets last year. Nothing captured both of these trends quite like September’s blockbuster $1.15 billion deal from Mexican industrial conglomerate Mexichem.
The issuer’s return to the international debt capital markets following a three-year absence allowed it to raise one of the largest order books ever for a Latin American or emerging market credit. Stirring up $17.6 billion demand, it also achieved the lowest coupons in the 10 and 30-year space for a split-rated LatAm corporate and chemicals-sector issuer.
Mexichem $1.15bn 2022, 2042