Mexico Issues $1 Billion of Bonds Due in 2040 in Add-On Sale
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Mexico sold $1 billion of its 6.05 percent debt due in 2040 after doubling the initial size of the offering.
The bonds priced to yield 5.95 percent, or 134.6 basis points more than similar-maturity U.S. Treasuries, according to people familiar with the offering. Bank of America Corp. and Deutsche Bank AG arranged the sale, said the people, who declined to be identified because they aren’t authorized to speak publicly.