Published on 11/18/2014 in the Prospect News Emerging Markets Daily.
New Issue: Mexico prices $2 billion 3.6% notes due 2025 at 135 bps spread
By Christine Van Dusen
Atlanta, Nov. 18 – Mexico priced $2 billion 3.6% notes due Jan. 30, 2025 (A3/BBB+/BBB+) at 99.335 to yield 3.678%, or Treasuries plus 135 basis points, according to a sovereign filing.
Goldman Sachs and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.
Issuer: | Mexico
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Amount: | $2 billion
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Maturity: | Jan. 30, 2025
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Description: | Senior global notes
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Bookrunners: | Goldman Sachs, JPMorgan
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Coupon: | 3.6%
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Price: | 99.335
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Yield: | 3.678%
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Spread: | Treasuries plus 135 bps
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Call options: | Make-whole call at Treasuries plus 20 bps
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Trade date: | Nov. 18
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Settlement date: | Nov. 25
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Ratings: | Moody’s: A3
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| Standard & Poor’s: BBB+
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| Fitch: BBB+
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Distribution: | Securities and Exchange Commission registered
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