Banorte offers bonds in local market

Banorte offers bonds in local market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexican lender Banorte said it has offered UDI107 million ($31 million) worth of 10-year, inflation-linked bonds in the local market, according to a securities filing.  Banorte will issue the new notes with a fixed interest rate on Wednesday. The Monterrey-based bank is acting as its own placement agent in the transaction. Fitch Ratings assigned the proposed notes an AAA(mex) rating on the local scale, level with Banorte's the bank's long-term ratings, saying the bank had high profitability, a s

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