Published on 11/15/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Mexico's Alpek prints $650 million 4½% notes due 2022 at Treasuries plus 295 bps
By Christine Van Dusen
Atlanta, Nov. 15 - Mexico's Alpek SAB de CV priced a $650 million issue of 4½% notes due in 2022 (Baa3/BBB-/BBB-) at 99.713 to yield 4.536%, or Treasuries plus 295 basis points, a market source said.
Citigroup, Goldman Sachs, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
Alpek is a petrochemical company based in San Pedro Garza Garcia, Mexico.
| Issuer: | Alpek SAB de CV
|
| Amount: | $650 million
|
| Maturity: | 2022
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Goldman Sachs, HSBC, JPMorgan
|
| Coupon: | 4½%
|
| Price: | 99.713
|
| Yield: | 4.536%
|
| Spread: | Treasuries plus 295 bps
|
| Trade date: | Nov. 15
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
