HSBC’s Mexican unit has raised $300 million, The Wall Street Journal reports. Grupo Financiero HSBC placed the 10-year bonds on the local market.

The bonds issue is the third by the Mexican bank under a $1.14 billion program. The debt was also the first issue of its kind in U.S. dollars on the local market, and was given the top rating by Fitch Ratings and Moody’s.

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