CABEI goes for Mexican notes

CABEI goes for Mexican notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico Central America

The Central American Bank for Economic Integration (CABEI) could raise up to MXN5bn ($261m) from the sale of three-year bullet bonds in the Mexican market, according to a report from S&P Global. The development bank sold MXN4bn in peso-denominated notes in May last year, pricing a three-year series at 1bp below the TIIE rate and a 10-year series at 90bp over Mexican government bonds. CABEI had intended to issue MXN1.5bn, but it increased the offer after orders reached more than MXN5.3bn. S

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