October 18, 2022 |
Mexican development bank Banobras could raise MXN5 billion ($250 million) in a three-part debt deal in the local market that includes sustainable bonds, according to Fitch Ratings.
The state-run lender is expected to price new 2.3-years notes and 2026 notes at a spread based on the TIIE interbank lending rate and 2029 notes with a fixed rate, Fitch said in a report on Friday.
The 2026 and 2029 bonds will be classified as sustainable bonds with the proceeds earmarked for infrastructure financing
Mexican development bank could raise $250 mln in a three-part deal in the local market, according to Fitch