Bancomer Lands Tier 2 Debt
BBVA Bancomer has raised $1bn in 2022 subordinated Tier 2 bonds, drumming up around $3.6bn in orders. Investors appeared to see value in the issuance from the Mexican bank, considered high-quality despite troubles at its Spanish parent. The A3/BBB bond priced at 99.97 with a 6.75% coupon to yield 6.75%. The bonds traded up 1.00 point in the grey Thursday afternoon, according...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.