IDB Invest prints largest Mexican bond deal to date

IDB Invest prints largest Mexican bond deal to date

Bonds Debt Capital Markets Fixed Income Coronavirus Mexico

IDB Invest, part of the Inter-American Development Bank (IDB), priced its largest bond sale in the Mexican market on Thursday, issuing MXN2 billion ($95.7 million) in three-year notes at seven basis points over the TIIE interbank lending rate, it said in a press release. BBVA and Santander were the bookrunners on the deal, which was 2.1 times oversubscribed with MXN4.2 billion in orders from 19 institutional investors, IDB Invest said. IDB Invest opened the deal with price guidance at 10 to 15 b

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