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Published on 8/10/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

New Issue: Mexico prices $1 billion add-on to 5¾% notes due 2110 at 96.5 to yield 5.959%

By Christine Van Dusen

Atlanta, Aug. 10 - Mexico priced a $1 billion add-on to its existing $1 billion 5¾% notes due Oct. 12, 2110 (Baa1/BBB/) at 96.5 to yield 5.959%, a market source said.

The notes priced in line with talk, which was set at 96.5.

Credit Suisse and Goldman Sachs were the bookrunners for the Securities and Exchange Commission-registered add-on.

Mexico originally priced $1 billion of the 5¾% notes on Oct. 5, 2010 at 94.276 to yield 6.1% via bookrunners Deutsche Bank and Goldman Sachs.

Issuer:Mexico
Amount:$1 billion
Maturity:Oct. 12, 2110
Description:Notes
Bookrunners:Credit Suisse, Goldman Sachs
Coupon:5¾%
Price:96.5
Yield:5.959%
Trade date:Aug. 10
Ratings:Moody's: Baa1
Standard & Poor's: BBB
Distribution:Securities and Exchange Commission-registered
Price talk:96.5

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