October 25, 2012
Banobras plans to issue up to MXP5bn ($385m) in bonds in the Mexican domest
Banobras plans to issue up to MXP5bn ($385m) in bonds in the Mexican domestic market. The government development bank plans to issue 3-year bonds paying a spread to the TIIE benchmark. It is estimating a November 7 sale, according to a selling memo. Banamex and BBVA Bancomer are managing the sale, rated AAA on a national scale. Banobras last issued in the local market in July via Banamex, when it sold MXP2bn in 2022 bonds at 6.12%, or Mbonos+50bp, after generating 1.31x in demand.