July 8, 2013
Mexico’s Banco Multiva raised MXP750m ($57m) in the domestic market Wednesd
Mexico’s Banco Multiva raised MXP750m ($57m) in the domestic market Wednesday. The 3-year floater, which falls under a MXP10bn program, was priced at TIIE+150bp. Proceeds will be used to extend maturities and for general corporate purposes. The self-led issue is rated A minus. Multiva last priced a MXP1bn 10-year subordinated bond at TIIE+300bp. Close to two-thirds of Multiva’s loans are to sub-sovereign borrowers.