Finmart Opts for USD over MXP

Finmart Opts for USD over MXP

Mexico Bonds

Prestaciones Finmart has raised $30m in its first visit to the international bond market, opting for dollars over a global MXP. The B+ Mexican payroll discount lender priced the 144a/RegS 2015 at par with a 8.5% coupon, in line with 8.5% guidance. Demand came from mostly European and US private banking and asset management accounts, according to a person familiar with the process. Finmart offered a pickup to higher-rated payroll discount lender Credito Real’s (BB) 2015, seen trading to yield 6.0

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