November 26, 2019 |
Mexico's Braskem Idesa received "substantial demand" in its cross-border bond market debut, earning $900 million from the sale of 10-year note, said a source involved in the deal.
The bookrunners Citi, Santander and SMBC put the coupon at 7.45% and prices the bonds at 99.659 to yield 7.5%, the source said.
The banks had opened the initial price talk in the mid-7% area before setting the guidance and launching the deal at 7.5%, the source added.
Orders came from accounts in Latin America, Europe,
Mexican petrochemical firm receives "substantial demand" in its first sale of international notes, source says