By Marisa Wong
Madison, Wis., March 12 - Mexico priced £1 billion of 5 5/8% global notes due 2114 on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
The notes (A3/BBB+/BBB+) priced at 97.834 to yield 5¾%, or 223.2 basis points over the U.K. Gilt benchmark.
Barclays and Goldman Sachs & Co. are joint bookrunners for the SEC-registered transaction.
As previously announced, the deal, part of the sovereign's $110 billion medium-term note program, includes a make-whole call.
Proceeds will be used for general governmental purposes, including refinancing, repurchasing or retiring domestic and external debt.
| Issuer: | Mexico
|
| Issue: | Global notes
|
| Amount: | £1 billion
|
| Maturity: | March 19, 2114
|
| Coupon: | 5 5/8%
|
| Price: | 97.834
|
| Yield: | 5¾%
|
| Spread: | 223.2 bps over 4.25% U.K. Gilt due December 2055
|
| Make-whole call: | At U.K. Gilt plus 25 bps
|
| Bookrunners: | Barclays and Goldman Sachs & Co.
|
| Pricing date: | March 12
|
| Settlement date: | March 19
|
| Ratings: | Moody's: A3
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
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