January 30, 2013
Banobras plans to issue up to MXP2bn ($157.3m) in bonds in the Mexican dome
Banobras plans to issue up to MXP2bn ($157.3m) in bonds in the Mexican domestic market today, according to people familiar with the transaction. The deal had originally been expected Tuesday. The government development bank is selling 10-year fixed-rate bonds that are expected to pay around MBonos+50bp. Banamex and BBVA Bancomer are leading the transaction, rated AAA on a national scale. Banobras in November raised MXP2.5bn in domestic bonds, with the 2015s paying TIIE minus 3bp.