Compartamos drafts local bond program

Compartamos drafts local bond program

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexican lender Compartamos Banco said the local securities regulator CNBV recently approved a bond program for MXN15 billion ($756 million), according to a securities filing on Wednesday. During the five-year program, Compartamos said it plans to issue bonds in the local market in both pesos and dollars with maturities from one to 30 years. The Veracruz-based lender added that it hired Santander as the placement agent for the program, it said in the filing.  Compartamos will use the proceeds for

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