Famsa Keeps HY Hopes Afloat
Mexico’s Grupo Famsa has priced a $250m 2020 NC4 bond, with the single-B retailer sidestepping the dismal sentiment surrounding Mexico’s homebuilders and credits including ICA. The transaction drew $850m in orders and largely taken as a positive sign for the region’s high-yield issuers, which have had strong access to the market so far this year. Raising money to fund a tender offer, the B/B+ retailer of household and consumer goods priced the bond at 99.325 with a 7.250%...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.