Fonacot Opts for Shorter Tenor

Fonacot Opts for Shorter Tenor

Mexico Bonds

Mexico’s Instituto Fonacot is looking at next week for a MXP1.95bn ($159m) domestic bond sale, and has chosen a 2016 floating-rate note instead of an initially planned 2023 fixed-rate note. The Mexican state-run lender is scheduled to price April 10.

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