BNP Delays Mexico Bond

BNP Paribas Personal Finance’s issue of up to MXP800m in 3.5-year TIIE bonds has been moved to June 17, says a banker on the deal, blaming a delay in authorizations from the local regulator. The bond was initially expected to be issued on June 3. Scotia and BBVA Bancomer are managing the sale, rated AAA on a national scale. In September, the bank sold MXP1.3bn in 2012 notes at TIIE plus 130bp.