Heavy take-up for Credito Real buyback

Heavy take-up for Credito Real buyback

Bonds

Holders of 86.06% of Credito Real’s 10.25% $210m April 2015 senior notes have tendered their bonds for cash, the Mexican lender said on Tuesday. Investors who handed in their bonds before the March 10 early participation deadline will be paid a cash price of $109.5. Bonds submitted before the final deadline for the tender offer, March 24, will be bought back at a cash price of $106.5, but market sources said they did not expect many more investors to come in. Bank of America Merrill Lynch and Ba

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