GBM Seeks Domestic Financing

Grupo Bursatil Mexicano, the Mexico-based brokerage firm, plans to issue up to MXP1bn ($86m) in floating rate bonds on August 18. Proceeds will be used to rollover about MXP200m in maturing bonds carrying rates of TIIE+50bp and +25bp, as well bank credit lines. The self-led bonds have not been rated. In May, GBM announced plans to raise funds for infrastructure investments through a certificado de capital de desarrollo (CCD).