Banorte Plans Investor Meetings

Mexico’s Banorte is set to meet the buyside next week on a non-deal roadshow, investors say. The bank, absent from dollar markets since 2006, will hit New York, Boston and Los Angeles June 28-30. JPMorgan is managing the process. Investors place Banorte on the growing list of roadshowing issuers that are candidates to raise funds if markets continue to stabilize. The list includes Pemex, Bimbo and Banco Votorantim. Banorte, rated BBB/BBB minus, raised $600m in 2006 through the sale of $400m in 2016 bonds and $200m in 2021s, via Credit Suisse, Morgan Stanley and UBS, according to Dealogic.