BanBajío plans peso bonds

BanBajío plans peso bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexico's Banco del Bajío intends to sell up to MXN3 billion ($155 million) in three-year notes in the local market, led by Santander.The new notes, with a spread based on the TIIE interbank lending rate, will be part of a five-year, MXN15 billion bond program that awaits approval from the local securities regulator CNBV, according to reports from rating agencies.BanBajío will use the money to pay off short-term debt, according to Fitch Ratings and HR Ratings.Fitch gave the upcoming notes a AA+ r

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial