Oaxaca Preps Guaranteed Bond

The Mexican state of Oaxaca plans to raise up to MXP2.76bn ($210m) in the domestic bond market, according to a regulatory filing. The 15-year bonds come with a 1.5% guarantee from funds received by the federal government and will raise funds for public investment. Banamex, Interacciones and Santander are managing the deal, with Cofinsa as structuring agent.