FEFA Set for MXP Bond

FEFA Set for MXP Bond

Mexico Bonds

Mexico’s Fondo Especial para Financiamentos Agropecuarios (FEFA) is heard targeting similar or tighter pricing than the TIIE+25bp level it got in May for a new bond pricing as soon as today. The trust managed by development bank Fideicomisos Instituidos en Relacion con la Agricultura (FIRA) plans to issue up to MXP3bn ($234m) in 3-year bonds. Proceeds would fund operations. Banamex, BBVA Bancomer and HSBC are managing the transaction, rated AAA on a national scale. Established in 1954 by Mexico’

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