Nafin Prepares Debt Sales

Mexico’s Nacional Financiera is authorized to sell up to MXP6bn ($ 447m) under a bond program in the Mexican bond market, according to a regulatory filing. Banamex is leading the transaction. Nacional Financiera last issued in the domestic market in 2010 when it priced at MXP7bn ($379m) dual tranche offering. At the time, the national development bank priced a 3-year MXP4.5bn tranche at TIIE+3bp, and a 5-year MXP2.5bn tranche at TIIE+2bp. BBVA Bancomer and Banamex acted as joint bookrunners for those bonds, which were rated AAA on a national scale.