Bci issues $111 million in bonds in Mexico

Chilean bank Bci returned to the Mexican debt market on Thursday, October 8, 2026, raising 2,000 million Mexican pesos, about 111 million dollars, through trust certificates. The transaction saw demand reach 1.95 times the placed amount with participation from roughly 20 investor accounts, marking the lender's return to the country after its initial 2011 issuance.

The four-year debt instruments mature on October 8, 2030, and were listed on the Bolsa Institucional de Valores (BIVA). They carry a floating interest rate linked to the average overnight TIIE de Fondeo rate from Banco de México plus a spread of 64 basis points. Bci stated to Diario Financiero that opening a dedicated local program allowed it to secure financing between 30 and 40 basis points cheaper than peer bank issuances.

The day before bookbuilding closed, Mexico's National Banking and Securities Commission (CNBV) authorized Bci for a revolving debt program of up to 20,000 million Mexican pesos, or about 1,114 million dollars, valid for five years. Bci noted that its return responds to the growth of Mexico's fixed-income market driven by local pension reforms.

Moody's Local México assigned a credit rating of AAA.mx and Fitch México rated the debt AAA (mex). The issue was managed by Actinver, HSBC, and Morgan Stanley México, with settlement set for October 13. The proceeds are allocated to general corporate purposes, and the notes will not be registered with Chile's Financial Market Commission (CMF).