Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Demand Drives Banorte Upsizing

Jul 18, 2013

Investor appetite of 3.5x the shares on offer led to Banorte upsizing its equity follow-on to raise MXP31.98bn ($2.55bn), and continued in the secondary market Wednesday. International buyers accounted for 63% of the sale, according to the bank, versus a 50%-50% split foreseen earlier in the process. The bank upsized the deal from 402m to 477m primary shares, assuming a 15% greenshoe is exercised,...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Will ABS become more interesting for LatAm borrowers as US monetary policy normalizes?

Vote    





Printing isn't available for this page.