Banorte wins blow-out on AT1 debut

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Banorte wins blow-out on AT1 debut

Oliver West
June 29, 2017 11:30 PM
Jose Cuervo
Tequila, Mexico. 6th April 2013 -- Three charros serve tequila to visitors to Tequila, Jalisco aboard the Jose Cuervo Express train. -- Staff from the Jose Cuervo tequila company performed to enliven visitors aboard the Jose Cuervo Express. One year after being opened for domestic and foreign visitors, the Jose Cuervo Express was created to promote tourism development in Jalisco. | Hugo OrtuÒo Su·rez / Demotix/Demotix/Press Association Images

Some syndicate bankers saw Banorte’s debut additional tier one (AT1) bond as tight to comps, but investors piled into the deal on Thursday claiming that the Mexican lender was offering greater value than Banco do Brasil’s bond with a similar structure.

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Oliver West
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