Compartamos Reopens Local Floater

Mexican microfinance institution Banco Compartamos has reopened its 2012 bonds for MXP1bn, in a deal driven by reverse inquiry following an initial sale in July. The notes pay TIIE plus 200bp and were offered at par. It was 1.2x subscribed, says a banker on the deal. Proceeds from the sale, rated AA minus on a national scale, will provide general lending capital. Banamex managed the sale. In July, Compartamos sold MXP500m through Credit Suisse.