Molymet Prices Mexican Bond

Chile’s Molymet has issued MXP1.7bn ($125m) in 2017 bonds in the Mexican domestic market. The bonds, which represent the fourth issuance under a MXP6bn program, priced at TIIE+80bp, in line with TIIE+80bp guidance. Further details from the transaction were not immediately available. Proceeds from the Chilean mining company’s issue are marked for general corporate purposes. Banamex led the sale, with Scotia as co-manager, rated AA+/AA on a national scale.