By Reshmi Basu
New York, Aug. 5 - The United Mexican States reopened its floating-rate notes due 2009 with an additional $500 million, according to a market source.
The $500 million add-on was priced at 101.10 to yield Libor plus 44 basis points. The coupon is Libor plus 70 basis points.
The $500 million tap brings the total deal size to $1.5 billion.
JP Morgan ran the books.
Mexico priced the original $1 billion at par on Jan. 6, 2004 via Citigroup and Deutsche Bank Securities.
| Issuer: | United Mexican States
|
| Amount: | $500 million
|
| Issue: | Add-on to floating-rate notes due 2009
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| Maturity: | Jan. 13, 2009
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| Coupon: | Three-month Libor plus 70 basis points
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| Issue price: | 101.10
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| Yield: | Three-month Libor plus 44 basis points
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| Call: | Non-callable
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| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 11 plus accrued interest
|
| Bookrunner: | JP Morgan
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| Ratings: | Moody's: Baa2
|
| S&P: BBB-
|
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