By Christine Van Dusen
Atlanta, April 9 - Mexico priced a €1.6 billion issue of 2¾% notes due April 22, 2023 (Baa1/BBB/BBB) at 99.492 to yield mid-swaps plus 120 basis points, a market source said.
The notes were talked at a spread in the 135 bps area.
BNP Paribas, Deutsche Bank and HSBC were the bookrunners for the Securities and Exchange Commission-registered deal.
The proceeds will be used for general governmental purposes and for liability management.
A simultaneous offer to purchase notes due in 2013, 2015, 2017 and 2020 was also announced.
| Issuer: | Mexico
|
| Amount: | €1.6 billion
|
| Maturity: | April 22, 2023
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas, Deutsche Bank, HSBC
|
| Coupon: | 2¾%
|
| Price: | 99.492
|
| Spread: | Mid-swaps plus 120 bps
|
| Trade date: | April 9
|
| Settlement date: | April 22
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Securities and Exchange Commission registered
|
| Price talk: | Mid-swaps plus 135 bps area
|
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