September 12, 2018 |
BBVA Bancomer is weighing a potential MXN3.5bn ($182m) bond sale in Mexico's local debt market, filing terms for either a 2021 or 2023 new issuance.
The bank's own brokerage unit has scheduled a transaction for September 25, according to a securities filing with Mexico's BMV.
Fitch Ratings and Moody's both rated the potential sale AAA on a local scale.
The new bond issue will be placed under BBVA Bancomer's five-year, MXN60bn revolving debt shelf.
The local financial institution is also understo
Local FI assesses potential $182m new issue, weighs 2021 or 2023 maturity