Alpek sells dollar bonds for buyback

Alpek sells dollar bonds for buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Mexico

Mexican petrochemicals company Alpek sold $600 million worth of 10-year dollar-denominated bonds on Thursday after orders reached $5.5 billion, said a source involved in the deal said. "There was a lot of demand because there is nowhere to find yield, and Alpek's risk is pretty decent," said an investor in New York who requested anonymity given work in the transaction.  Alpek priced the 2031 bonds at 99.746 with a coupon of 3.25% to yield 3.28% or 200 basis points over US Treasury bonds, the sou

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