GBM Sets Local Bond Date

Grupo Bursatil Mexicano, the Mexico-based brokerage firm, will issue MXP300m in 3-year bonds on 3 December, according to the issuer. The bond is to replace outstanding debt, for the same amount, which matures at the beginning of December. The bonds will pay a spread over TIIE and have an AA rating on a national scale. Bursatil is managing the deal itself.