Cabei Preps MXP Issue

Central American development bank Cabei is looking to issue up to MXN1.5bn ($155m) in the Mexican domestic bond market this week. The 3-year bonds will pay a spread over TIIE, with pricing scheduled for Thursday. Cabei last came to the Mexican domestic market in September 2010, when it raised MXP700m through the sale of 2020 bonds, pricing at TIIE+65bp. Banamex led the previous sale, and is also managing this week’s issuance, rated AAA on a national scale.