May 14, 2019 |
Scotiabank Inverlat, the Mexican subsidiary of Canada's Scotiabank, could sell up to MXN6bn ($312m) in bonds in the local market, according to a report from S&P Global.
Scotiabank aims to sell at least MXN4bn in 3.5-year notes, but it could increase the offer to as much as MXN6bn on strong demand, S&P said in the report.
The bank will likely divide the debt sale into one series in pesos and another in dollars, S&P said.
S&P gave the upcoming notes an mxAAA rating on the local
Canadian bank's subsidiary could raise more than $310m in the local bond market