Interacciones Sale Relies on Domestic Buyers

Domestic buyers accounted for more than 80% of the book on Grupo Interacciones’ MXP4.2bn ($327m) equity sale, according to pricing documents. The Mexican specialist in public sector and infrastructure lending received 2x demand in the “re-IPO” follow-on Wednesday, done to increase the issuer’s overall float and raise funds for expansion. The Mexican specialist in public sector and infrastructure lending sold 39m primary shares and 30m secondary shares at MXP61.00 each, towards the bottom of the MXP60.00-MXP69.00 range. Secondary share sellers included controller Carlos Hank and members of his family, who saw their holding reduced to 69% from more than 90%. Barclays and Credit Suisse were global coordinators, with Banorte-Ixe and GBM as bookrunners on the domestic portion.