Bancomer Goes Short in MXP Bonds

Mexico’s BBVA Bancomer has priced MXP2.4bn in 2010 bonds at 3bp through TIIE. Proceeds from the deal rated AAA on a national scale will go to the bank’s capital base. BBVA’s capital markets unit managed the sale. The bank has done six placements of certificados bursatiles this year with maturities ranging from two to 10 years, totaling MXP22bn.