Mexican Lender Brings Local Issue

Mexico’s Banco Compartamos has sold MXP500m in 2012 bonds on the domestic market at TIIE plus 200bp. Proceeds will support the microfinance bank’s general capital needs. Credit Suisse managed the sale, rated AA minus on a national scale. MxA rated financial group Grupo Elektra placed MXP1bn in a 2011 last week at TIIE+390bp.