Su Casita Meets Exchange Threshold

Su Casita Meets Exchange Threshold

Bonds Corporate & Sovereign Strategy

Thanks to the high 95% global acceptance rate on its exchange offer, Su Casita can continue with its debt restructuring, says the company. The Mexican mortgage lender says it would have had to enter bankruptcy proceeding had the exchange failed. The offer, launched in April, was open to holders of MXP7.4bn ($625m) equivalent in debt including MXP and USD bonds. It offered holders of a single series of 8.5% 2016 US dollar bonds up to $60m in new 7.5% 7-year bonds and up to 11.6% of its equity, es

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