Banobras Raises Local Bonds

Mexico’s Banobras has raised MXP2.5bn ($195m) in domestic bonds. The government development bank’s 2015s pay TIIE minus 3bp. Demand reached MXP5.2bn, according to a person familiar with the sale. Banamex and BBVA Bancomer managed the deal, rated AAA on a national scale. Banobras previously issued in the local market in July, when it sold MXP2bn in 2022 bonds at 6.12%.