Frisco Mines Domestic Buyers

Frisco Mines Domestic Buyers

Mexico Bonds

Mexico’s Minera Frisco has issued MXP5bn ($379m) in the Mexican domestic bond market, according to people familiar with the transaction. The Carlos Slim-controlled miner priced the 2018 floating-rate notes at TIIE+75bp, in line with TIIE+75bp guidance. Demand topped MXP5.3bn, with mutual funds, pension funds, banks and retail investors heard participating. The issuer plans to use proceeds to repay long and short-term debt and for other corporate purposes. Banamex, BBVA Bancomer, Bank of America

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