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Banco Inbursa raises 3B Mexican pesos from sale of bonds

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Banco Inbursa raises 3B Mexican pesos from sale of bonds

unit BancoInbursa raised 3 billion Mexican pesos out of the 5 billion pesosit hoped to attain from the sale of two- and three-year bonds.

The firstseries of bonds, which matures July 12, 2018, were sold for a total of 2.45billion pesos and will pay an annual interest rate of 0.20%.

Meanwhile,the second series of notes matures on July 11, 2019, and will pay an annual interestof 0.23%. They were sold for a total of 552.9 million pesos.  

Standard& Poor's and HR Ratings Mexico rated both bonds AAA.

S&P Global Ratings and S&P GlobalMarket Intelligence are owned by S&P Global Inc.

As of July 15, US$1 was equivalent to 18.51Mexican pesos.