Honduras-based Banco Centroamericano de Integración Económica placed 5 billion Mexican pesos in a debt issuance under a medium-term notes program, according to a press release from the bank.

The notes are for three years and saw total demand of 10 billion pesos, over 2x the amount issued. They have a floating rate tied to the 28-day equilibrium interbank interest rate, 7 basis points below that reference. The placement, equivalent to $262.3 million, constitutes a record high amount for the Central American bank in the Mexican market.

Executive President Dante Mossi said the placement was the bank's first issuance since S&P Global Ratings upgraded the bank's issuer credit ratings to AA and A-1+ in March, and it reflects investor diversification in the Mexican market.

The bank had issued a $100 million bond in the Japanese capital market in November 2018.

As of June 3, US$1 was equivalent to 19.76 Mexican pesos.