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MEXICO: Mexico Priced ¥152.2 Billion of Multi-Tranche Samurai Bonds

MEXICO
  • Separately, Mexico priced Samurai bonds on Thursday, showing that there’s investor demand in Japan for riskier debt, particularly for shorter-dated tenors. The sovereign issuer sold ¥152.2 billion ($1.05 billion) of notes in five tranches, with the three-year part of the deal accounting for almost two thirds of the total size, according to Daiwa Securities Co., one of the underwriters. Details via Bloomberg:
  • ¥97.1b of 3Y bonds (Aug. 27, 2027)
    • Spread and coupon: YMS+95bps, 1.43%
  • ¥32.2b of 5Y bonds (Aug. 28, 2029)
    • Spread and coupon: YMS+115bps, 1.72%
  • ¥10b of 7Y bonds (Aug. 28, 2031)
    • Spread and coupon: YMS+120bps, 1.88%
  • ¥8.3b of 10Y bonds (Aug. 28, 2034)
    • Spread and coupon: YMS+140bps, 2.27%
  • ¥4.6b of 20Y bonds (Aug. 26, 2044)
    • Spread and coupon: YMS+155bps, 2.93%

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