Banco Inbursa targets $1bn

Banco Inbursa targets $1bn

Bonds

Mexico’s Banco Inbursa plans to raise up to $1bn in debt through a 144A/RegS bond sale expected this week after concluding a roadshow on Wednesday. Fitch and Standard and Poor’s gave a BBB+ rating to the proposed notes, with the latter saying the bank is considering a fixed-rate instrument with a tenor of seven to 10 years. The BBB+/BBB+ rated borrower met accounts in London and Boston on Tuesday and in New York and Los Angeles on Wednesday, LatinFinance understands. Bank of America Merrill Lync

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