December 13, 2019 |
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.
Mexican chemical company adds $120 mln to its 2027 notes at a lower yield than the original issue