Santander México breaks cross-border ice with five-year bonds

Santander México breaks cross-border ice with five-year bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Funds Mexico Latin America

Santander México sold $1.75 billion worth of five-year bonds on Tuesday in the first cross-border bond deal by a corporate issuer from Latin America in more than a month, sources involved in the transaction told LatinFinance. Working with JPMorgan, Morgan Stanley and Santander as the bookrunners, Santander México priced the bonds at par with a coupon of 5.375% after receiving around $6 billion in orders, one source said. The bank had put the initial price talk in the 6% range, before putting the

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial