Inbursa Talks MXP Price

Mexico’s Banco Inbursa is looking to pay TIIE+27bp-area on domestic bond scheduled to price today, according to people following the transaction. The Carlos Slim bank is targeting MXP11.5bn ($876m) in 3.7-year bonds, in order to raise funds to improve its liquidity profile and for general banking purposes. Inbursa, Bank of America Merrill Lynch, Finamex, Banamex, BBVA Bancomer, Banorte-Ixe and Actinver are managing the transaction, rated AAA on a national scale.