Su Casita Launches Exchange Offer

Su Casita Launches Exchange Offer

Mexico Bonds

Su Casita has launched an exchange offer to holders of MXP7.4bn equivalent in outstanding bonds, open through May 25, it says. The offer involves outstanding USD bonds and long-term and short-term Mexican domestic bonds. The mortgage lender is offering holders of 5 outstanding long-term bonds and 7 outstanding commercial paper series up to MXP2.49bn in new 7-year local bonds paying TIIE plus 1.0%, stepping up incrementally to TIIE plus 2.5% in year 4. Additionally, it is offering up to 38.4% of

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