Mexico Raises MXP25bn in MBono Syndication

Mexico has sold MXP25bn ($1.9bn) in 2022 domestic bonds, marking its first syndicated auction of 2012. The bonds priced at par to yield 6.30%, the lowest yield attained by the federal government in its 10-year syndicated bond auctions, it says. Demand was 1.8x, and the sale was distributed among 36 domestic and foreign institutional investors. Pension and insurance companies comprised 26% of the buyers, banks and brokerage houses 53%, with investment funds 16% and government treasuries 5%. The allocation for foreign investors was 20%. HSBC, Santander and BBVA Bancomer managed the sale.