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

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

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

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

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

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