Inbursa Talks MXP Price

Banco Inbursa’s planned MXP5bn ($365m) in 2015 domestic bonds are expected to price in line to levels seen on previous 2-year domestic issuances, says a banker on the deal. The bond was originally scheduled for May 15 pricing, and has been pushed to a later date this month for regulatory reasons. The Mexican bank last issued in February 2012, pricing a MXP3.5bn 2-year at TIIE+20bp. Actinver, BAML, Banamex and Inbursa are managing this transaction, rated AAA on a national scale.