Mexico's IXE Banco plans to sell 10-year bonds at 9¼%-9¾% yield

By Andrea Heisinger

New York, Oct. 1 - Mexico's IXE Banco SA is planning a sale of 10-year tier 1 junior subordinated bonds (B/B+) in the Oct. 4 week, a market source said Friday.

The deal size is expected in the $100 million to $120 million range, with the yield talked between 9¼% and 9¾%.

The sale was re-launched on Thursday from a previous attempt to bring it to the market on Feb. 8. That transaction was postponed due to market conditions.

The retail bank is based in Mexico City.

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