Santander Retaps in Mexican Market

Santander reopened its 2016 bond Wednesday for another MXP1.3bn ($96m), pricing the transaction at TIIE+50bp, says a banker on the deal. The original MXP2.8bn issue was priced at the same spread in September. The bonds are rated AAA on a national scale. Proceeds from the self-led deal will be used for general corporate purposes.