Banks Add to Mexican DCM Momentum

Banks Add to Mexican DCM Momentum

Mexico Bonds Structured Finance

While the cross-border bond markets remained dormant this week, the Mexican local market is wide open, at least for plain vanilla sales, with Inbursa raising MXP6bn ($466m) and government development bank Bancomext pricing a MXP2bn sale. The market for securitizations, however, was a bit more questionable – a third deal of up to MXP3.5bn from bus operator IAMSA still waited to cross the finish line late Wednesday. Carlos Slim-owned Inbursa priced its floating-rate 2016 at TIIE+25bp, flat to 25bp

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