Banorte raises the bar for Lat Am issuers is Swissies

By GlobalCapital
14 Mar 2019

It has been a good week for Latin American issuers in Swissies, with two banks from the region taking Sfr400m ($398m) out of the market on Tuesday and Wednesday, bringing total issuance from the region for the year up to Sfr875m.

The tally for the year was bolstered this week by Mexico’s second largest bank, Banco Mercantil del Norte (Banorte). The Sfr250m 3.5 year trade led by Credit Suisse was the first transaction of the year in Swiss francs by a Mexican borrower. According to Damien Aellen ...

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