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$7.5 Billion 3-Part New Issue Launched

MEXICO
  • $1b 5Y Fixed (May 7, 2029) at +115
    • Guidance +115#, IPT +130 area
  • $4b 12Y (May 7, 2036) at +215
    • Guidance +215#, IPT +240 area
  • $2.5b 30Y (May 7, 2054) at +235
    • Guidance +235#, IPT +255 area
  • Mexico is commencing 2024 emerging-market sovereign bond sales with a deal that is on track to be the largest on record ($7.5 Billion) for the Latin American country.
  • While sentiment across global markets was negative, orders for the deal had reached $20 billion, people with knowledge of the deal said. The bonds may yield around 115, 215 and 235 basis points over Treasuries, respectively, one person said, as pricing tightened from initial guidance. (BBG)

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