Inbursa Eyes Second Local Bond

Inbursa Eyes Second Local Bond

Mexico Bonds

Mexico’s Banco Inbursa is considering issuing an additional MXP2bn ($145m) in 2-year floating-rate notes in the domestic market next week, in addition to the MXP3bn sale scheduled for today. “The dates are close, so if we don’t issue the new bonds [next week] we will postpone that issuance until 2012,” notes a banker on the deal. Banamex and Inbursa are managing the proposed new transaction which is still pending authorization. Price talk on today’s MXP3bn 2-year issuance is between TIIE+15bp-25

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