Nafinsa to Syndicate Bonds Hacienda Style

Nafinsa to Syndicate Bonds Hacienda Style

Mexico Bonds

Mexico’s Nafinsa development bank is planning to raise up to MXP5bn ($379m) in the domestic bond market, trying out for the first time a syndicated auction process used by Mexico’s federal government. The plan is to offer 3-year floating-rate bonds and 10-year fixed rated bonds, at MXP1bn-MXP4bn per tranche in a sale scheduled for Wednesday, according to offering documents. The notes are rated AAA on a national scale, and will help fund the bank’s operations. The transaction is to be done throug

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