By Christine Van Dusen
Atlanta, Oct. 14 - Mexico's IXE Banco SA priced $120 million tier 1 junior subordinated bonds due 2020 at par to yield 9¼%, a market source said Thursday.
Goldman Sachs was the bookrunner for the deal, which was talked to yield 9¼% to 9½%.
IXE Banco is a retail bank based in Mexico City.
| Issuer: | IXE Banco SA
|
| Amount: | $120 million
|
| Maturity: | 2020
|
| Description: | Tier 1 junior subordinated bonds
|
| Bookrunner: | Goldman Sachs
|
| Coupon: | 9¼%
|
| Price: | Par
|
| Yield: | 9¼%
|
| Trade date: | Oct. 8
|
| Price talk: | 9¼% to 9½%
|
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