Inbursa Nears MXP Issue

Inbursa plans to issue up to MXP5bn ($387m) in the Mexican domestic bond market, according to sources familiar with the transaction. The 3-year bond is heard likely to price at TIIE+23bp-25bp. The AAA-rated issuer had been aiming for an issue this week but is likely to push it off until October 4 as it awaits authorizations. Inbursa, Banamex, Banorte-Ixe and Activner are managing. Inbursa last issued in May, selling a floating-rate note paying the TIIE+25bp.