By Aaron Hochman-Zimmerman
New York, Feb. 11 - United Mexican States priced $1.5 billion of five-year global notes (Baa1/BBB+/BBB+) at Treasuries plus 425 basis points, according to a market source.
The bonds priced to yield 6%.
On Wednesday morning, the government announced a two-tranche deal which included a 21-year piece, but by the afternoon the longer maturity was pulled.
Credit Suisse, Deutsche Bank and HSBC acted as bookrunners for the registered deal.
Issuer: United Mexican States
Issue: Global notes
| Amount: | $1.5 billion
|
| Maturity: | 2014
|
| Yield: | 6%
|
| Spread: | Treasuries plus 425 bps
|
| Bookrunners: | Credit Suisse, Deutsche Bank, HSBC
|
| Pricing date: | Feb. 11
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
© 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.
