New Issue: Mexico's $1 billion reopening of 6.05% notes due 2040 yields Treasuries plus 137.5 bps

By Christine Van Dusen

Atlanta, April 7 - Mexico priced a $1 billion reopening of its 6.05% notes due Jan. 11, 2040 (Baa1/BBB/BBB) at 97.724 to yield 6.218%, or Treasuries plus 137.5 basis points, according to an FWP filing with the Securities and Exchange Commission.

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. were the bookrunners for the SEC-registered deal, which priced in line with talk.

There is a make-whole call at Treasuries plus 30 bps.

Issuer:	Mexico
Amount:	$1 billion
Maturity:	Jan. 11, 2040
Security description:	Global notes
Bookrunners:	Credit Suisse Securities (USA) LLC, Goldman Sachs & Co.
Coupon:	6.05%
Price:	97.724
Yield:	6.218%
Spread:	Treasuries plus 137.5 bps
Call features:	Make-whole call at Treasuries plus 30 bps
Trade date:	April 6
Settlement date:	April 13
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB
	Fitch: BBB
Distribution:	SEC registered
Price talk:	Treasuries plus 137.5 bps
Total amount:	$3.25 billion, including $1.5 billion that settled Jan. 11, 2008 and $750 million that settled Sept. 25, 2009

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