Slim Bank Lays Groundwork for Local Debt

Mexico’s Inbursa has filed a shelf to issue up to MXP30bn ($2.3bn) in the domestic bond market, according to regulatory documents. Inbursa is the only bookrunner associated with the program so far. The Carlos Slim-owned lender’s most recent domestic bond was an MXP8.05bn ($621m) offer in November. It sold MXP6.43bn in 2014 bonds at TIIE+20bp, and MXP1.62bn in 2016 bonds at TIIE+30bp. Inbursa, Banamex, Bancomer, HSBC and Banorte-Ixe managed that transaction. Inbursa is rated AAA on a national scale.