MADRID (Thomson Financial) - Iberdrola SA. has received approval to issue 640 million euros in bonds to the Mexican market from the country's bourse regulator, El Economista reported, citing unnamed sources close to the process.
The bond issue through bourse certificates may have several tranches with either a fixed or variable rates and may take place before the end of the summer.
Spanish bank Banco Bilbao Vizcaya Argentaria SA (nyse: BBV - news - people ).'s affiliate Bancomer will work with Mexico's Banamex on the placement.
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