Financiera Independencia targets fives

Financiera Independencia targets fives

Bonds

Mexican lender Financiera Independencia is planning to issue a five-year non-call three bond as soon as today, after wrapping up investor meetings on Tuesday. Lead managers Barclays, BCP Securities and HSBC were heard to release initial price thoughts of 8% area on Tuesday for the bond from the B+/BB- rated borrower. The deal was not slated for same-day pricing. One investor said the bond was likely to be around $200m to $250m. The microfinance bank is raising money to finance a cash tender for

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