NADBank lines up bond sale in Mexico

NADBank lines up bond sale in Mexico

International Financial Institutions Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets United States Mexico

The North American Development Bank (NADBannk) is expected to sell up to MXN2 billion ($98.9 million) worth of bonds in the Mexican market, according to Fitch Ratings. NADBank will likely price new five-year notes at a spread over the TIIE interbank lending rate, Fitch said in a report on Thursday without saying when the bank could issue the bonds or how it plans to use the proceeds.  Fitch assigned the proposed bonds a AAA(mex) rating on the local scale, saying the multilateral bank can count o

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