August 16, 2013
Mexico’s Banco Inbursa has raised MXP6bn ($479m) in the domestic bond marke
Mexico’s Banco Inbursa has raised MXP6bn ($479m) in the domestic bond market, according to people familiar with the transaction, after seeing MXP9.5bn in demand. The 2017 notes priced at TIIE+25bp, flat to guidance. Proceeds will be used to increase liquidity and grow the bank’s credit portfolio. Inbursa, BBVA Bancomer, Banamex and Banorte-Ixe managed the transaction, rated AAA on a national scale.