Santander taps local investors for 2022 note

Santander taps local investors for 2022 note

Capital Markets Debt Bonds Mexico

Santander Mexico rounded out a busy Wednesday for local debt market investors, selling MXN3.45bn ($176.3m) in 2022 bonds on the back of an oversubscribed order book. The local financial institution gathered approximately MXN7.25bn in orders before pricing the bonds at 15bp over Mexico's 28-day floating TIIE rate, DCM sources confirmed. Citibanamex, alongside Santander's securities arm, set the pricing floor at 8bp, while the maximum yield was capped at 20bp over TIIE. Valores Mexicanos was named

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