May 6, 2013
Mexico's Banco Inbursa is targeting May 29 for a domestic bond sale of up t
Mexico's Banco Inbursa is targeting May 29 for a domestic bond sale of up to MXP6bn ($497m), according to documents filed by the Carlos Slim-controlled bank. The 2016 bonds will pay an interest rate set to the TIIE. Proceeds from the issuance will be used for the bank's various business needs. BBVA, Banorte and HSBC are managing the deal, done under a MXP30bn shelf. Inbursa is rated AAA on a national scale.