April 14, 2020 |
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
Mexican lender tightens the coupon on $1.75 bln in new notes to 5.375% from IPTs in the 6% area, sources say