IDB Issues $93 Million Bond In Mexico

IDB Issues $93 Million Bond In Mexico

Bonds Structured Finance

The Inter-American Development Bank (IDB) has issued a 10-year local-currency bond for Ps1 billion ($93 million) in the Mexican market, offering a rate of 8.67%. In Mexico 65% of the issue was taken up by Afores (pension funds) and the rest by foreign investors. The issue was oversubscribed by Ps1.3 billion and was led by HSBC. The IDB issued a three-year peso-denominated bond in Mexico last year for Ps3 billion paying 6.59% per annum. Following this issue, the Bank launched local-currency bonds

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