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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessLaunch of $4 Billion Two-Part Debt Offering
- Mexico has kicked off 2023 with an offering of dollar bonds, a move that would make it the first emerging-market government to tap international debt markets this year. (Bloomberg)
- The country launched a $1.25 billion five-year note that may yield 150 basis points and $2.75 billion of 12-year bonds at 260 basis points above Treasuries, according people familiar with the matter. Demand for the notes reached more than $16 billion at one point, said the people, who asked not to be identified because they’re not authorized to speak about it.
- Details of the deal via Bloomberg:
- $1.25b 5Y Fixed (Feb. 9, 2028) at +150
- Guidance +150#, IPT +195 area
- 1-month par call, MWC
- $2.75b 12Y Fixed (Feb. 9, 2035) at +260
- Guidance +265a (+/-5), IPT +295 area
- 3-month par call, MWC
- Settlement: Jan. 9, 2023 (T+4)
- Denoms: 200k x 1k
- Bookrunners: BBVA, BNPP, BofA, JPM
- UOP: For general funding purposes of the Government of Mexico
- $1.25b 5Y Fixed (Feb. 9, 2028) at +150
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.