By Rebecca Melvin
New York, Sept. 21 – Banco Santander Mexico SA priced $1.3 billion of 5.95% 10-year Tier 2 subordinated notes on Thursday, according to a news release.
The parent company of Banco Santander Mexico, Banco Santander, SA (Spain) agreed to buy $975 million, or 75%, of the total amount of the notes.
Pricing of the Rule 144A and Regulation S deal came tight compared to initial price talk of 6¼%.
Goldman Sachs and Santander were lead bookrunners.
| Issuer: | Banco Santander Mexico SA
|
| Issue: | Tier 2 subordinated notes
|
| Amount: | $1.3 billion
|
| Maturity: | 2028
|
| Bookrunners: | Goldman Sachs and Santander
|
| Coupon: | 5.95%
|
| Pricing date: | Sept. 20
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Initial price talk of 6¼%
|
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