Bancomer Selling MXP Debt Next Month

BBVA Bancomer is planning to sell 10 year fixed-rate notes denominated in Udis on Mexico’s domestic market, according to a regulatory filing. The sale, rated AAA on a national scale, is scheduled for an unspecified date in August. Proceeds will be used to boost general liquidity, according to the documents. The deal could be for up to MXP10bn equivalent, according to a report from Scotia Capital. The issuer last came to the domestic market in June 2009, when it raised MXP2.6bn in 10-year floating rate tier 2 notes, priced at TIIE plus 130bp, says Dealogic.