Credito Real Prices Local Issue

Mexico’s Credito Real has sold MXP500m ($38m) in domestic floating rate bonds. The 2015 note pays TIIE+280bp, with proceeds marked for general corporate purposes. The deal saw private banking and bank treasuries participating, with the spread coming in the midrange of the price talk, according to a person familiar with the transaction. BBVA Bancomer and Banorte-Ixe led the deal, rated A/A on a national scale.