Mexico’s vision rewarded by $1.75bn blowout deal

19 Sep 2002

The United Mexican States this week priced a stunning $1.75bn 8% 20 year trade at one of the lowest yields the sovereign has ever achieved. Some are already calling it the bond deal of the year.

Joining the wave of high grade issuance out of North America, Mexico reaped the rewards of years of effort to distance itself from emerging markets. Like other high grade borrowers, Mexico ignored the wide spreads and focused instead on the low yields offered at a time when ...

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