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4 months ago
Mexican bank Inbursa issues 10-yr bond for $750 mln
April 7, 2017 / 1:36 AM / 4 months ago

Mexican bank Inbursa issues 10-yr bond for $750 mln

MEXICO CITY, April 6 (Reuters) - Mexico's Grupo Financiero Inbursa said on Thursday that its subsidiary, Banco Inbursa, had issued a 10-year bond on international markets for $750 million.

Inbursa, which is controlled by billionaire Carlos Slim, said the bond had a 4.375 percent annual coupon, adding that the money would be used to strengthen the bank's funding structure. (Reporting by Adriana Barrera; Editing by Lisa Shumaker)

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