Compartamos Preps Domestic Issue

Mexico’s Banco Compartamos is preparing to issue up to MXP1.5bn ($112m) in the domestic bond market, according to a regulatory filing. The microlender will issue 5-year bonds in its fourth issuance under a MXP6bn program. Bancomer, Banamex and HSBC are managing the sale. The bank is rated AAA/AA on a national scale. Compartamos last visited the local bond market in August 2011, when it sold MXP2bn in 2016 domestic bonds at TIIE+85bp.