Santander Mexico Retaps 3-Yr

Santander Mexico has reopened its 3-year bond for MXP730m ($62m) to price at TIIE+20bp, bankers familiar with the transaction say. The original 3-year MXP5bn deal priced in January at TIIE+20bp. Proceeds will go towards general working capital. Santander was the sole lead on the deal, which is heard driven by reverse inquiry. The bonds are rated AAA on a national scale.