Mexico Lands Udibono Syndication

Mexico’s government has sold MXP14.37bn ($1.09bn) in Udibonos through a syndicated bond sale, according to the central bank. The 2.0% coupon 2022s priced at 104.11 to yield 1.55%. The bonds are expected to reopen at periodic auctions beginning in 4Q. Bank of America Merrill Lynch, BBVA Bancomer, Banamex, HSBC and Santander managed the sale. In its previous syndication, Mexico sold MXP30bn in 2017 Mbonos in July.