GBM sets rates for local notes

GBM sets rates for local notes

Corporate & Sovereign Strategy Bonds Fixed Income Debt Mexico

Mexican investment and brokerage firm Grupo Bursátil Mexicano (GBM) has set the interest rate on an upcoming bond sale at 4.7915%, or 50 basis points over the TIIE interbank lending rate, according to a securities filing. GBM said it will close the order books on Thursday for MXN1.2 billion ($59.3 million) worth of five-year bonds in the local market and  added that it will make interest payments every 28 days.  The firm will use the proceeds from the new 2026 notes to pay off bonds that mature

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