Inmuebles Carso Approaches MXP Sale

Mexico’s Inmuebles Carso plans to issue up to MXP3bn ($231m) in the Mexican domestic market today, according to people familiar with the transaction. The issuer is now looking to pay TIIE+55bp area on a 2018 floating-rate domestic bond, compared to an earlier indicated TIIE+50bp. The real estate company spun off from Carlos Slim’s Grupo Carso holdco is raising funds to be used for general corporate purposes. Inbursa, BBVA Bancomer and Banamex are managing the transaction, rated AA/AA+ on a national scale. Inmuebles Carso raised MXP5bn ($381m) in its domestic bond market debut in August 2012. The 2017 priced at TIIE+75bp.