IDB Invest's fourth and largest bond issuance in Mexico to date, as well as the first one since reorganizing its private sector operations as IDB Invest.
Washington, DC (PRWEB) February 17, 2018
IDB Invest has issued a new MXN 1,500 million (USD $81 million equivalent) 3-year bond in the Mexican capital markets. This is IDB Invest's fourth and largest bond issuance in Mexico to date, as well as the first one since reorganizing its private sector operations as IDB Invest.
The issuance, which received the highest local ratings of Aaa.mx and mxAAA by Moody's and Standard & Poor's, respectively, carries a floating rate coupon of 9 basis points above the TIIE 28 benchmark. It will mature on February 16, 2021. HSBC and BBVA acted as joint-bookrunners on the deal. The transaction was 4.3 times oversubscribed, with more than 6.4 MXN billion of orders from 23 institutional accounts, IDB Invest's largest ever orderbook in the Mexican capital markets.
For the original version on PRWeb visit: http://www.prweb.com/releases/2018/02/prweb15221313.htm
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