Banco Centroamericano de Integración Económica, or CABEI, said it placed two bond issuances in the Mexican market for a total amount of 4.0 billion Mexican pesos.
The bonds, which were issued under the bank's medium-term note program, carry tenors of three and 10 years, according to a May 30 press release.
The three-year placement was structured with a floating rate format indexed to the TIIE-28 interbank equilibrium interest rate, with a spread of 1 basis point below the benchmark rate. The 10-year tranche, meanwhile, was placed in a zero-coupon format with a spread of 90 basis points over the Mexican government benchmark.
The three-year placement saw total demand of 2.31 billion pesos, equivalent to 1.5x the original target amount of 1.5 billion pesos, which allowed the company to upsize the issuance to 2.0 billion pesos. The 10-year placement received orders for 3.04 billion pesos, or 2.03x the original target amount of 1.5 billion pesos, enabling an upsizing to 2.0 billion pesos.
Mexico has been an extra-regional member of CABEI since 1992.
As of May 30, US$1 was equivalent to 19.74 Mexican pesos.
