BBVA Chile Plans MXP Bond

BBVA Chile is looking to follow BCI and Banco de Chile to Mexico’s domestic debt market. The bank is planning to issue up to MXN2bn ($149.1m) in bonds with a tenor of up to three years and a variable interest rate, according to rating agencies. The deal is rated AAA on a national scale. Banco de Chile is also expected to sell an up to MXP2.5bn 3-year bond, marking its debut in this market. Banamex and JPMorgan are managing that sale.