BBVA Chile Roadshows MXP Tap

BBVA Chile is roadshowing for its up to MXP2bn 3-year debut bond in the Mexican local market, with pricing expected to take place as soon as next week depending market conditions. The bond will pay a spread to the 28-day TIIE and is led by BBVA Bancomer. The deal is rated AAA on a national scale. This marks one of several Chilean financial institutions that have looked to tap this market in recent months, with Banco de Chile also plotting an MXP transaction.