Mexico talks dollar benchmark due 2048 at Treasuries plus 195 bps

By Rebecca Melvin

New York, Oct. 2 – Mexico is planning to issue a dollar-denominated benchmark offering of global notes due in February 2048 to yield Treasuries plus 195 basis points, according to a market source.

Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC are the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will be used for payment of part or all of the redemption price of its outstanding 5 1/8% global notes due 2020 of which there is about $1,878,656,000 outstanding and otherwise for the general purposes of the government.

The notes have an optional make-whole call.

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