March 14, 2013
Scotiabank is looking at TIIE+40bp-45bp pricing for a new bond sale of up t
Scotiabank is looking at TIIE+40bp-45bp pricing for a new bond sale of up to MXP3.45bn ($270m) in Mexico's domestic market, says a person familiar with the lender's plans. The bank plans to price the 2018 bond March 20. The issuance is part of an MXP15bn program. Scotia is managing the deal, rated AAA on a national scale. The issuer's most recent visit to the domestic market was a MXP2bn sale of 2015 bonds, at TIIE+25bp, in November 2012.