Mexico’s Posadas Readies Peso Bonds

Hotel and tourism operator Grupo Posadas is preparing an issue of MXP1bn-MXP1.5bn in bonds. A sale date still has not been set for the deal, heard to include both 2018 fixed and 2013 floating-rate tranches. Proceeds are for general corporate purposes. Credit Suisse is leading, with Ixe, BBVA, JPMorgan and ING as co-leads.