October 3, 2013
Mexico’s domestic bond market remains active this week, with Genomma Lab pr
Mexico’s domestic bond market remains active this week, with Genomma Lab pricing a MXP2.0bn ($152m) sale, according to people following the transaction. The 4-year floating rate bond priced at TIIE+70bp, after seeing 1.91x in demand. Proceeds will be used for general corporate purposes. Banamex and Santander managed the deal, rated AA on a national scale. In July, Genomma sold a MXP2bn 5-year floating-rate bond at TIIE+70bp, after getting MXP3.15bn in orders.