Banobras Successfully Places 20 Billion MXN in Bond Certificates
BBVA México acted as placement agent in the successful issuance of bond certificates by the National Bank for Public Works and Services, S.N.C. (Banobras), for a total amount of 20 billion MXN across three tranches.
The issuance received the highest national-scale credit rating, AAA(mex), assigned by Fitch México, Moody’s Local, and S&P Global Ratings, reflecting Banobras’ strong credit quality and the low risk perception associated with its obligations. The transaction achieved an oversubscription rate of 2.1 times the initial offering amount of 10 billion MXN.
The transaction attracted participation from the country’s most significant institutional investors, demonstrating investor interest and confidence in the execution of Banobras’ strategy, which is supported by its sound financial performance and strategic role in Mexico.
Source: BBVA
