Scotiabank schedules Mexican bond sale

Scotiabank schedules Mexican bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico Canada

Scotiabank Inverlat, the Canadian bank's subsidiary in Mexico, plans to sell at least MXN4 billion ($209 million) in local bonds, but it could increase the size of the deal to as much as MXN6 billion to meet demand, according to S&P Global.The new three-year notes are part of the bank's MXN25 billion bond program, the rating agency said in a report. S&P gave the upcoming notes an mxAAA rating on the local scale, level with Scotiabank Inverlat's credit ratings, saying the bank will use th

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