May 17, 2013
Mexico’s Consubanco is looking to price a MXP600m ($50m) 2016 domestic bond
Mexico’s Consubanco is looking to price a MXP600m ($50m) 2016 domestic bond at around TIIE+280bp-285bp, according to people familiar with the deal. The floating-rate bonds represent the lender’s first-ever sale. Pricing was tentatively scheduled for this week, though the issuer elected to delay pricing until next week. The proceeds are for general corporate purposes. Banorte-Ixe, Santander and Scotia are managing the deal, rated A/A minus on a national scale.