Mexico launches 50 year Formosa to reopen Lat Am

Mexico City, Femsa, LatAm, Reforma
By Oliver West
04 Jan 2021

Mexico returned to familiar territory by becoming the first Latin American borrower of the year to issue bonds on Monday. The format, however, was less familiar, as the 50 year SEC-registered $3bn bond — launched at around 11am New York time — will be listed on the stock exchanges of both Luxembourg and Taipei.

Deutsche Bank, Goldman Sachs, HSBC and Morgan Stanley set initial price thoughts at 4.15% area on Monday morning for Baa1/BBB/BBB+ rated Mexico’s proposed April 2071 bullet issue. The Taiwanese branches of each of the banks are bookrunners on the deal, which is being marketed ...

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