Slim RE Unit Set for Local Bond

Mexico’s Inmuebles Carso is expected to price today up to MXP5bn ($380m) in 2017 domestic bonds, according to sources following the sale. The transaction was originally scheduled for Wednesday. The real estate company spun off from Carlos Slim’s Grupo Carso holdco last year is raising funds to refinance short-term debt. This will be the first issuance under a MXP8bn program. Actinver, Banamex, Bancomer and Inbursa are managing the deal, rated AA+/AA on a national scale.