Interacciones Asks Investors on Tenor, Price

Interacciones Asks Investors on Tenor, Price

People Corporate & Sovereign Strategy Mexico Bonds

Mexico’s Banco Interacciones is planning to ask the market to set both the tenor and price on an MXP1.5bn bond issue that should happen by early December, CEO Gerardo Salazar tells LatinFinance. The issuer is seeking a 13-36 month tenor, with pricing between TIIE flat and 85bp over TIIE, he adds. “It is going to be assigned depending on the demand,” says Salazar. “Tenor is more important,” he adds. It is targeting institutional and high net worth Mexican investors with the deal, from a senior de

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