Mexico DCM Pace Continues with Well-Bid Banobras Sale

Mexico DCM Pace Continues with Well-Bid Banobras Sale

Mexico Bonds

Banobras has popped up in Mexico’s domestic bond market to raise MXP5bn ($385m), receiving MXP12bn in demand, according to people familiar with the transaction. The deal is one of several in Mexico’s domestic market, conspicuously active in August compared to other bond markets in LatAm. The government development bank priced a 2016 fixed-rate bond at 5.02%, or Mbonos+25bp, in line with 25bp price talk. Orders came from money desks and retail investors. Banamex led the transaction, rated AAA on

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