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$2 billion bond investors just can't get enough of a 32-year stretch of Mexico

Tuesday, March 6, 2012

The lesson that doing your homework, and doing it well, was the underlying theme of Monday's US$2 billion dollar-denominated bond issue, Mexico's second outing to the international markets this year.

The noteworthy part of the issue was not its 32-year maturity, which would have been impressive enough just a few years ago.

Rather, it was the 4.75 per cent coupon, which is the lowest obtained by a Latin American sovereign issuing bonds at that maturity and in US dollars.

Source: Financial Times