Banco Popular is seeking to raise $168 million from a three-part bond sale, Bloomberg reports. The three tranches consist of notes maturing in 18, 24 and 36 months. Initially, the firm will issue $111.42 million of the notes.

The bonds are linked to the IBR interbank rate and five-year inflation-linked bonds. Brokerage firm Alianza Valores is managing the transaction.

Click here for the story from Bloomberg.