Molymet Preps MXP Bond

Chile’s Molymet plans to raise up to MXP1.5bn ($108m) in the Mexican market Wednesday, according to a regulatory filing. The 2017 bonds pay a spread to TIIE benchmark and would represent the fourth issuance under a MXP6bn program. Proceeds from the Chilean mining company’s issue are marked for general corporate purposes. Banamex is leading the issue, rated AA+/AA on a national scale.