Mexico Raises $1.05 Billion in Return to Samurai Bond Market
- Three-year tranche accounts for nearly two thirds of deal size
- Market spreads have climbed since BOJ hiked rates in July
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Mexico priced Samurai bonds on Thursday, showing that there’s investor demand in Japan for riskier debt, particularly for shorter-dated tenors.
The sovereign issuer sold ¥152.2 billion ($1.05 billion) of notes in five tranches, with the three-year part of the deal accounting for almost two thirds of the total size, according to Daiwa Securities Co., one of the underwriters.