Nafin Retaps for MXP2bn

Mexico’s Nacional Financiera (Nafin) has reopened its 2022 bonds for MXP2bn ($155m), after receiving 1.5x demand, says a banker on the deal. The 5.69% coupon bond reopened to yield 5.95% or Mbonos+50bp. Participation came from Afores, mutual funds and trading desks. The outstanding size is now MXP4bn. Nafin priced the original MXP2bn bond in August, also at Mbonos+50bp. BBVA Bancomer and Banamex were the leads on the transaction, rated AAA on national scale.