Grupo Kuo Talks MXP Price

Mexico’s Grupo Kuo is expected to price a MXP1bn ($72m) 2019 domestic bond at around TIIE+200bp, according to market participants. The sale is scheduled for Thursday. Ixe is managing the transaction, rated A on a national scale. In 2010, Kuo priced a MXP700m 2015 bond at TIIE+260bp through IXE and Banorte. The group has holdings in the consumer goods, chemical and automotive industries.