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Interacciones looks to raise up to 5B pesos through certificate issuance

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Interacciones looks to raise up to 5B pesos through certificate issuance

Grupo FinancieroInteracciones SA de CV CEO Carlos Rojo said the company plans to raisebetween 3 billion Mexican pesos and 5 billion pesos by issuing a certificate ofcapital development in the second quarter, ElEconomista reported April 4.

The bank will use the funds to finance infrastructure projectssuch as hospitals and prisons, as well as pipelines in the energy sector, the executivenoted.

As of April 4, US$1 wasequivalent to 17.47 Mexican pesos.