Banco Inbursa raises $1bn

Banco Inbursa raises $1bn

Bonds

Mexico’s Banco Inbursa sold a 4.125% $1bn 2024 bond on Thursday, tightening the spread by 15bp, LatinFinance understands. The bond was heard to have been priced at 185bp over US Treasuries, below the 200bp guidance heard before the deal was launched. Bank of America Merrill Lynch, Citi and Credit Suisse managed the transaction, as well as investor meetings for the borrower in the UK and US earlier this week. Fitch and Standard and Poor’s gave a BBB+ rating to the proposed notes. Fitch noted the

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