The Mexican bank has launched its first ever structured notes in the Mexican market.
Banco Azteca has officially entered the Mexican structured notes market with its inaugural issuance of structured deposits linked to the USD/MXN foreign exchange rate. Targeted at institutional investors, pension funds, insurance companies and wealth managers with a conservative risk profile, these products are denominated in Mexican pesos (MXN). The structured notes, issued as certificates of deposit, have a seven-day term and are settled in Mexican legal tender. The initial offering was laun