April 7, 2021 |
Mexico came to the international bond market on Tuesday with $2.5 billion worth of new 20-year notes, raising money to repurchase outstanding bonds that mature between 2023 and 2040, a source involved in the deal told LatinFinance.
The sovereign issuer had received $5.6 billion in orders by the time it launched the deal and priced the new 4.28% 2041 notes at 99.938 to yield 4.285%, or 205 basis points over US Treasury bonds, the source said.
In comparison, Mexico's 6.05% 2040 bonds traded at 4.3
Sovereign issuer issues $2.5 bln in 20-year bonds to repurchase notes that mature from 2023 to 2040