February 11, 2020 |
Mexican lender Banorte raised CHF225 million ($230 million) from the sale of four-year notes in the Swiss bond market on Monday, drawing strong investor interest, a source involved in the deal told LatinFinance.
Led by the sole bookrunner, Credit Suisse, the company priced the 0.5% 2024 notes to yield 0.47%, or 108 basis points over mid-swaps, the source said.
Banorte had set the initial price talk around 110 to 120 basis points over mid-swaps before launching CHF150 million with a 0.5% coupon.
Mexican lender increases size of issue to $230 mln on high demand