By Aleesia Forni
Virginia Beach, April 9 – Mexico detailed its €1.5 billion sale of 4% 100-year global notes (A3/BBB+/BBB+) in a FWP filed with the Securities and Exchange Commission.
The notes sold at 95.322 to yield 4.2%, or Treasuries plus 354.4 basis points.
Goldman Sachs & Co. and HSBC were the bookrunners.
The proceeds will be used for general governmental purposes.
| Issuer: | Mexico
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| Amount: | €1.5 billion
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| Description: | Global notes
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| Maturity: | March 15, 2115
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| Bookrunners: | Goldman Sachs & Co., HSBC
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| Coupon: | 4%
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| Price: | 95.322
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| Yield: | 4.2%
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| Spread: | 354.4 bps
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| Trade date: | April 8
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| Settlement date: | April 15
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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: | SEC-registered
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| Make-whole call: | German Government Bund plus 40 bps
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| Price guidance: | 4.5% area
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