Compartamos local bond oversubscribed

Compartamos local bond oversubscribed

Bonds

Mexican microlender Banco Compartamos priced a MXN2bn ($155m) five-year floating rate note on Thursday at 40bp over the TIIE, 20bp tighter than a five-year deal that it sold in September. Yesterday’s sale received 3.4 times demand and drew a diverse investor base including pension funds, mutual funds and private banks, said people familiar with the transaction. Compartamos' CFO, Patricio Diez de Bonilla, told LatinFinance in late May that a scarcity of new bonds in the local market coupled with

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