Mexico Raises Syndicated Mbono

Mexico has sold MXP30bn ($3.80bn) in 2017 Mbonos through a debt syndication, it says. The 5.0% coupon bonds priced at a discount to yield 4.88%. The 35 international and domestic accounts participating included banks and brokerages (59%), mutual funds (32%), government entities (7%) and pension funds and insurance companies (2%). Overall, international investors accounted for 33%. Banamex, Deutsche Bank and Bank of America Merrill Lynch managed.