Agricultural Fund Raises Tight Local Bond

Agricultural Fund Raises Tight Local Bond

Mexico Bonds

Fondo Especial para Financiamentos Agropecuarios (FEFA) has sold a MXP3bn ($233m) bond in Mexico’s domestic market, according to sources familiar with the sale. The 2015 notes priced at TIIE+20bp, tight to TIIE+25bp expectations that were based on the issuer getting that level on a similar deal earlier this year. FEFA saw 3.5 x demand, coming from 93 accounts, according to a source familiar with the sale. Proceeds will be used to fund operations. Banamex, BBVA Bancomer and HSBC managed the trans

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