Monex Nears MXP Debut

Mexico’s Holding Monex is preparing to raise up to MXP1bn ($70m) in what would be its domestic Mexican bond market debut June 7. The financial services company’s 2015 notes will be issued under a MXP2bn program, and pay a spread to the TIIE benchmark. Proceeds will be used for general corporate purposes. BBVA Bancomer is managing the transaction, rated A on a national scale.