Thursday, July 21, 2011
Via Bloomberg - "Slim’s Bank Taps Record-Low Rates to Lead Bond Sale Surge: Mexico Credit"
From Bloomberg's article - "Banco Inbursa SA, the corporate lender controlled by billionaire Carlos Slim, is selling the most debt in Mexico’s local bond market this year to take advantage of record-low benchmark borrowing costs...“Investors will pick up this debt because it’s seen as a very safe option to other sectors,” Miguel Angel Aguayo, a fixed-income analyst at Grupo Financiero Banorte-Ixe SAB, said in a telephone interview. 'We have had a pretty dynamic first half, with new issuances, foreign issuers, and we should see this continue.' " Read more here to get the scoop on Mexico's local bond market.
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