DEAL OF THE YEAR: Corporate High-Grade Bond

DEAL OF THE YEAR: Corporate High-Grade Bond

Mexico Bonds Corporate & Sovereign Strategy

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.

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