Kaupthing Bank and the state-owned Export-Import Bank of Korea both launched Mexican peso issues in October. The Export-Import bank issued a Ps1 billion ($92 million) 10-year bond. The Icelandic bank launched a Ps2.3 billion bond transaction on October 10 to become the first Nordic bank to do a public issue in Mexico. The deal was led by BBVA Bancomer and Lehman Brothers and aimed at diversifying the bank’s funding sources.
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