Inbursa Returns to MXP Market

Inbursa Returns to MXP Market

Mexico Bonds

Mexico’s Banco Inbursa, a subsidiary of financial group Inbursa, is looking to issue up to MXP5bn in 2-year bonds locally. The auction is expected to take place November 30. Inbursa and HSBC are joint leads on the transaction, which is rated AAA on a national scale. Investors expect pricing to be around 25bp over TIIE area. The funds will be used to improve the bank’s liquidity profile and expand its credit portfolio. This will be the bank’s third issue this year. In October, it sold MXP5.0bn in

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