Bladex Preps MXP Bond

Banco Latinoamericano de Comercio Exterior (Bladex) is looking to issue up to MXP3bn ($235m) in the Mexican domestic bond market. The bonds will have a tenor of 3-5 years and will pay a spread over TIIE, with tentative pricing scheduled for mid March. Proceeds are destined to fund operations. The issuance is part of a MXP10bn program and represents a debut in the Mexican bond market for the Panama-based LatAm supranational bank which specializes in foreign trade. HSBC and Santander are leading the issuance.