Interacciones Prepares MXP Debt

Mexico’s Banco Interacciones is looking to issue up to MXP1bn ($77m) in the domestic bond market November 27, according to a regulatory filing. The 3.5-year notes will pay a spread to the TIIE benchmark. The bank specializing in sub-national and public infrastructure plans to use proceeds to maintain liquidity and for general corporate purposes. Interacciones and Banorte-Ixe are leading the deal, rated A/A+ on a national scale. Interacciones last issued MXP1.5bn in 2016 floating-rate bonds in September, at TIIE+140bp.