Published on 8/8/2016 in the Prospect News Emerging Markets Daily.
New Issue: Mexico’s Bancomext prices $700 million 3.8% notes due 2026 at 98.959
By Christine Van Dusen
Atlanta, Aug. 8 – Mexico’s Banco Nacional de Comercio Exterior, SNC, Institucion de Banca de Desarrollo (Bancomext) priced $700 million 3.8% notes due Aug. 11, 2026 at 98.959, a market source said.
Credit Suisse and BBVA were the bookrunners for the deal.
Other details were not immediately available on Monday.
Bancomext is a state-owned bank based in Mexico City.
| Issuer: | Banco Nacional de Comercio Exterior, SNC, Institucion de Banca de Desarrollo | (Bancomext)
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| Amount: | $700 million
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| Maturity: | Aug. 11, 2026
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| Description: | Notes
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| Bookrunners: | Credit Suisse, BBVA
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| Coupon: | 3.8%
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| Price: | 98.959
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| Trade date: | Aug. 5
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| Settlement date: | Aug. 11
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