Cydsa reopens dollar bonds

Cydsa reopens dollar bonds

Bonds Debt Capital Markets Fixed Income Mexico United States Rule 144a/ RegS

Mexico's Cydsa said it has added $120 million to its 2027 notes at a lower yield than the original issue. The Monterrey-based chemicals priced the reopening at 100.294 to yield 6.2%, it said in a securities filing.  In October 2017, when Cydsa raised $330 million in the initial issue, it printed the 10-year paper at 6.25%. In the first deal, however, the bookrunners Citi and Goldman Sachs opened with initial price talk in the high 5% area, before raising the yield to attract more buyers. On Thur

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