June 14, 2013
Mexico’s Scotiabank is planning to price June 26 a domestic bond sale of up
Mexico’s Scotiabank is planning to price June 26 a domestic bond sale of up to MXP2bn ($156m), according a source familiar with the transaction. The bank is planning a 10-year fixed-rate bond, to be the bank’s first at that maturity. Proceeds are to be used for general corporate purposes. Scotia is sole lead on the transaction, rated AAA. It last sold MXP3.45bn in domestic floating rate bonds in March, with the 2018 pricing at TIIE+40bp.