Santander Mexico Talks Price

Santander Mexico is heard aiming for a yield of UST plus high 200bp for a new 10-year benchmark bond, according to a person familiar with the sale. The bank has wrapped up fixed-income investor meetings, and is expected to price as soon as today. The Mexican lender is planning up to $1bn for its planned 10-year senior unsecured bond sale, S&P says while assigning a BBB rating. Deutsche Bank, Goldman Sachs and Santander are managing.