By Christine Van Dusen
Atlanta, Jan. 9 - Mexico priced a combined $4 billion of senior notes due 2021 and 2045 (Baa1/BBB+/BBB+) in a Securities and Exchange Commission-registered deal, a market source said.
The deal included $1 billion of 3½% notes due 2021 that priced at 99.343 to yield Treasuries plus 120 basis points. The notes were talked at a spread in the 125 bps area.
The $3 billion of 5.55% notes due 2045 priced at 99.472 to yield Treasuries plus 170 bps. The securities were talked at a spread in the Treasuries plus 175 bps area.
Credit Suisse and HSBC were the joint lead managers for the offering.
| Issuer: | Mexico
|
| Amount: | $4 billion
|
| Description: | Senior notes
|
| Bookrunners: | Credit Suisse, HSBC
|
| Trade date: | Jan. 9
|
| Settlement date: | Jan. 21
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
| Distribution: | Securities and Exchange Commission registered
|
|
|
| Notes due 2021
|
| Amount: | $1 billion
|
| Maturity: | Jan. 21, 2021
|
| Coupon: | 3½%
|
| Price: | 99.343
|
| Yield: | 3.607%
|
| Spread: | Treasuries plus 120 bps
|
| Call: | Make-whole call at Treasuries plus 20 bps
|
| Price talk: | Treasuries plus 125 bps area
|
|
|
| Notes due 2045
|
| Amount: | $3 billion
|
| Maturity: | Jan. 21, 2045
|
| Coupon: | 5.55%
|
| Price: | 99.472
|
| Yield: | 5.568%
|
| Spread: | Treasuries plus 170 bps
|
| Call: | Make-whole call at Treasuries plus 25 bps
|
| Price talk: | Treasuries plus 175 bps area
|
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