Mexican Banks Raise Domestic Bonds

Mexican Banks Raise Domestic Bonds

Mexico Bonds

Inbursa, Scotia and Interacciones have each raised domestic bonds in what continues to be a busy week for Mexico’s local market, led by Inbursa’s MXP8.05bn ($621m) offer. The Carlos Slim bank issued MXP6.43bn in 2014 bonds at TIIE+20bp, and MXP1.62bn in 2016 bonds at TIIE+30bp. Total demand topped 1.2x, with both tranches pricing in line with expectations. Inbursa, Banamex, Bancomer, HSBC and Banorte-Ixe managed the transaction, rated AAA on a national scale. Inbursa last issued in October, sell

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