IDB Invest to sell bonds in Mexico

IDB Invest to sell bonds in Mexico

Bonds Debt Mexico Asset Management Capital Markets

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), is expected to issue MXN2.5 billion ($126 million) in three-year bonds in the Mexican marker, according to reports from Moody's and S&P Global Ratings. Moody's assigned the bonds a AAA.mx on the local scale, while S&P gave them an mxAAA. The ratings agencies did not say how IDB Invest intends to spend the proceeds. IDB Invest previously issued MXN2.5 billion in gender bonds in Mexico in March last year

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