Televisa pushes pricing tight on bond return

By Oliver West
22 May 2019

Mexican media company Televisa returned to dollar bond markets after a three and a half year hiatus on Tuesday and was able to increase the size of a planned trade despite offering minimal concession.

BBVA, Citi and Goldman Sachs announced initial price thoughts of 270bp over US Treasuries for a new SEC-registered 30 year that rating agencies said would be $500m.

Baa1/BBB+/BBB+ rated Televisa had no trouble attracting $2.5bn of orders, allowing leads to bring in pricing to 250bp over.
At ...

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