Agricultural Fund Tightens, Upsizes

Agricultural Fund Tightens, Upsizes

Mexico Bonds

Fondo Especial para Financiamentos Agropecuarios (FEFA) has priced a MXP6bn ($472m) domestic bond, upsizing from MXP5bn while getting 2.3x demand and its tightest spread yet. The largest trust under second-tier development bank Fideicomisos Instituidos en Relacion con la Agricultura (FIRA) priced the 2016 notes at TIIE+16bp, tight to 20bp-area indications. Participation came from 40 investors, including Afores, investment funds, insurance companies, and private banks, according to sources famili

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