Sofol Sells Buyside on Cross-Border Peso

Mexican lender Consupago has raised MXP750m in 2013 global peso bonds. The BB minus Sofol specializing in payroll discount loans priced at 99.730 with a 9.875% coupon to yield 10.000%. The issue is denominated in pesos, with payments in USD, and will raise funds to increase the bank’s capital. BCP Securities and GBM International managed the sale, which was presented to investors last week and comes from Consupago’s $300m shelf.