UPDATE 1-Mexico says to issue syndicated bond, 6.5 pct coupon
MEXICO CITY Jan 24 (Reuters) - Mexico will soon issue a 10-year syndicated bond with a 6.50 percent coupon, the finance ministry said on Monday.
"During the first quarter of 2011, the Federal Government will issue the new 10-year (bond)... using the syndicated method," the ministry said in a statement.
Officials will explain details of the peso-denominated bond in a Tuesday investor call on Tuesday and begin to build the book after that call, the government said.
In early February 2010 Mexico announced that it would offer its first syndicated bond and that it would be endorsed by the Citibank World Government Bond Index and so naturally draw significant international interest.
The lead managers for the bond sale are Santander (SAN.MC), BBVA Bancomer (BBVA.MC), HSBC (HSBA.L) and Banamex, controlled by Citigroup (C.N). (Reporting by Patrick Rucker; editing by Carol Bishopric)
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