Inbursa Clinches Domestic Bond

Mexico’s Banco Inbursa has raised MXP5bn ($389m) in the domestic bond market, according to sources familiar with the transaction. The 2015 notes priced at TIIE +25bp, in line with TIIE+23bp-25bp price talk. Proceeds will be used to increase liquidity and grow the bank’s credit portfolio. The bank has issued MXP13bn this year in the domestic market. Inbursa, Banamex, Banorte-Ixe and Actinver managed the transaction, rated AAA on a national scale. Inbursa last issued in May, selling a floating-rate note paying the TIIE+25bp.