Monex Lands MXP Debut

Holding Monex has raised MXP1bn ($71m) through a bond sale that represents its debut in Mexico’s domestic bond market. The 2015 priced at TIIE+280bp, in line with TIIE+270bp-300bp price talk. Demand was heard at more than 1.54x, with a diverse group of investors participating, including private banking and brokerage firms. The financial services company’s notes were issued under a MXP2bn program, with proceeds to be used for general corporate purposes. BBVA Bancomer managed the transaction, rated A on a national scale.