Javer Retaps on Reverse Interest

Javer Retaps on Reverse Interest

Mexico Bonds

Mexico’s Javer reopened its 9.875% 2021 bonds to raise $50m, on the back of reverse inquiry, according to people familiar with the transaction. The bond reopened at 98.001 to yield 10.244%. The deal will carry the same rating as the original deal of B+, according to Fitch, with proceeds to be used to refinance the existing debt of housing developments acquired from ViveICA. In December, Javer agreed to acquire the assets related to 20 affordable housing development projects in exchange for newly

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