Interacciones Bond Pricing Widening

Interacciones Bond Pricing Widening

People Corporate & Sovereign Strategy

Price expectations on Mexico’s Banco Interacciones have widened to 130bp-150bp over TIIE, for its MXP1.5bn 3-year unsecured bond, according to the bank. Interacciones CEO, Gerardo Salazar, had previously told LatinFinance it would look for a spread of flat to 85bp over TIIE on a 13-36 month bond. The bonds are rated A1 on a national scale. Interacciones is targeting institutional and high net worth Mexican investors with the deal, from a senior debt program of up to MXP10bn. Interacciones expect

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