Weekly Report - 20 November 2014 (WR-14-46)

MEXICO | Global CAC bond issue. On 18 November Mexico’s finance ministry announced that it had placed US$2bn of sovereign bonds in international markets. A statement from the finance ministry said that the US-denominated bonds maturing in 2025 offered a coupon of 3.6% and a 3.67% yield, the lowest coupon and yield ever offered by Mexican bonds. According to the finance ministry the yield offered by the bonds was just 135 basis points above that currently offered by 10-year US Treasury bonds.

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