Published on 4/17/2013 in the Prospect News Emerging Markets Daily.
New Issue: Mexico's Metalsa sells $300 million 4.9% notes due 2023 at 321 bps spread
By Christine Van Dusen
Atlanta, April 17 - Mexico's Metalsa SA de CV priced a $300 million issue of 4.9% notes due 2023 (/BB+/BBB-) at par to yield 4.9%, or Treasuries plus 321 basis points, a market source said.
BofA Merrill Lynch and Citigroup were the bookrunners for the deal.
Metalsa is a structural components company based in Apodaca, Mexico.
| Issuer: | Metalsa SA de CV
|
| Amount: | $300 million
|
| Maturity: | April 24, 2023
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup
|
| Coupon: | 4.9%
|
| Price: | Par
|
| Yield: | 4.9%
|
| Spread: | Treasuries plus 321 bps
|
| Trade date: | April 17
|
| Settlement date: | April 24
|
| Ratings: | Standard & Poor's: BB+
|
| Fitch: BBB-
|
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