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Mexicans Clinch Deals as Local DCM Remains Open

Jun 7, 2012

While other regional markets have slowed to a stop, Mexico’s domestic bond market remains active, with Banorte raising MXP3.2bn ($232m) in subordinated bonds and Infonavit scooping up MXP1.97bn Wednesday. “Investors are looking for new names to diversify funding, but those names have to be solid names with a good rating of minimum AAA or AA,” says a Mexican DCM banker. Such was the case for Mexican mortgage and social services entity...

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