September 13, 2012 / 3:06 PM / 5 years ago

New Issue-Mexichem sells $1.15 bln notes in 2 parts

Sept 13 (Reuters) - Mexichem, S.A.B. de C.V. on
Wednesday sold $1.15 billion of senior unsecured notes in the
144a private placement market, said IFR, a Thomson Reuters
service. 
    Citigroup, HSBC, JP Morgan and Morgan Stanley were the joint
bookrunning managers for the sale.

BORROWER: MEXICHEM, S.A.B. DE C.V. 

TRANCHE 1
AMT $750 MLN    COUPON 4.875 PCT   MATURITY    09/19/2022
TYPE SR NTS     ISS PRICE 99.026   FIRST PAY   03/19/2013
MOODY'S Ba1     YIELD 5 PCT        SETTLEMENT  09/19/2012   
S&P BBB-MINUS   SPREAD 324.2 BPS   PAY FREQ    SEMI-ANNUAL
FITCH BBB-MINUS  MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
    
TRANCHE 2
AMT $400 MLN    COUPON 6.75 PCT    MATURITY    09/19/2042
TYPE SR NTS     ISS PRICE 100      FIRST PAY   03/19/2013
MOODY'S Ba1     YIELD 6.75 PCT     SETTLEMENT  09/19/2012   
S&P BBB-MINUS   SPREAD 384.8 BPS   PAY FREQ    SEMI-ANNUAL
FITCH BBB-MINUS  MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS

0 : 0
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