Mexico order books over GBP1bn on 100-year sterling bond

Wed Mar 12, 2014 5:44am EDT

LONDON, March 12 (IFR) - Order books on Mexico's forthcoming 100-year sterling bond offering have reached over GBP1bn, according to one of the lead managers.

The sovereign, rated A3/BBB+/BBB+, opened books on the benchmark-sized deal earlier today, setting initial price thoughts at 6% area.

Barclays and Goldman Sachs are the lead managers on the SEC-registered issue, which is expected to price today.

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