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Bancomer Lands Tier 2 Debt

Jul 13, 2012

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...

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It’s going to be a tough road for [Maduro]. Given the blow to Chavismo with the death of Chavez, there is a real likelihood of some form of real change in Venezuela.

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