By Christine Van Dusen
Atlanta, Oct. 25 - Kansas City Southern de Mexico SA de CV sold $250 million three-year floating-rate notes (expected ratings: Baa3/BBB-/BBB-) at par to yield Libor plus 70 basis points, a market source said.
The notes were talked at a spread in the 75 bps area.
BofA Merrill Lynch, JPMorgan and Morgan Stanley were the bookrunners for the Rule 144A and Regulation S deal.
The issuer is a Mexico City-based freight transportation company.
| Issuer: | Kansas City Southern de Mexico SA de CV
|
| Amount: | $250 million
|
| Maturity: | Oct. 28, 2016
|
| Description: | Floating-rate notes
|
| Bookrunners: | BofA Merrill Lynch, JPMorgan, Morgan Stanley
|
| Coupon: | Libor plus 70 bps
|
| Price: | Par
|
| Yield: | Libor plus 70 bps
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 28
|
| Expected ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Libor plus 75 bps area
|
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