Mexico places $2 billion biggest-ever bond in euros
Wednesday, April 10, 2013
Mexico placed a 1.6 billion euro ($2.09 billion) bond on Tuesday, securing its biggest-ever issue in the euro currency as well as a record low yield, the finance ministry said.
"It will be a very important benchmark," Alejandro Diaz de Leon, the head of the Finance Ministry's debt office, told Reuters after the issue, Mexico's first in euros since mid-2010.
The 10-year bond with a coupon of 2.75 percent priced with a yield of 2.81 percent, and saw 2.8 times the demand of the amount on offer, the Finance Ministry said in a statement.
Source: Reuters