February 27, 2014
Mexican lender Credito Real launched a tender offer for any and all of its outstanding 10.25% $210m April 2015 senior notes on Wednesday. The buyback offer is open until March 24, with an earlybird deadline on March 10. Early participants will be paid a cash price of 109.5. Bonds tendered after that will be bought back at a cash price of 106.5. The company may issue a new note after the buyback, LatinFinance understands. It sold the bond in 2010, first issuing $150m in April and tapping the deal
Debt capital markets: Mexican lender opens buyback offer and may issue bonds.