NaFin Prices Within Expectations

NaFin Prices Within Expectations

Mexico

Mexico’s Nacional Financiera priced an MXP7bn note within investor expectations. The dual tranche issue for the national development bank consists of a 3-year MXP4.5bn tranche that priced at TIIE minus 3bp, within guidance of TIIE minus 5bp to TIIE flat, according to investors. A 5-year, MXP2.5bn tranche priced at TIIE plus 2bp with guidance of TIIE flat to TIIE plus 5bp. BBVA Bancomer and Banamex acted as joint bookrunners on the bonds, which are rated AAA on a national scale. Both tranches wer

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