Grupo Elektra Preps Domestic

Mexico’s Grupo Elektra has filed a shelf to issue up to MXP10.0bn ($757m) in the domestic bond market, according to regulatory documents. It has not yet indicated details about the first transaction. Actinver has been hired in association with the program. The Mexican financial and retail company last priced a MXP3.5bn 2016 floating-rate bond at TIIE+280bp in June. Actinver was sole lead on the deal, rated A/AA on a national scale. Controlled by billionaire Ricardo Salinas, Elektra is a holdco for subsidiaries including Banco Azteca, Seguros Azteca and Afore Azteca.