Bancomer Readies MXP Bonds

BBVA Bancomer is preparing to sell up to MXP3bn in local bonds as soon as next week, according to bank officials. The floating-rate notes will be priced against the 28-day TIIE benchmark rate, and have a maturity of up to two years. BBVA’s own capital markets unit is managing the transaction. The bank is rated AAA on a national scale.