Cabei Preps MXP Debt

Cabei Preps MXP Debt

Mexico Honduras Bonds

The Central American Bank for Economic Integration (Cabei) plans to raise up to MXP2bn ($154m) through a bond sale in Mexico’s domestic market, according to S&P which assigns a AAA domestic rating. The 2016 bond will pay a spread to the TIIE. JPMorgan is managing the transaction, according to people following the sale. The bank sees current swaps as very attractive, and while it doesn’t need funding in MXP, a transaction would represent an opportunistic trade. The well-traveled borrower is consi

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