August 11, 2017 |
El Puerto de Liverpool is assessing a potential two-tranche bond sale in Mexico’s debt capital markets in a bid to pay down maturing debt.
The Mexican retailer is expected to print up to MXN5bn ($1.58bn) in five-year floating-rate notes and 10-year fixed-rate paper, according to a report from S&P Global Ratings.
The rating agency gave the prospective trade a AAA local rating.
Liverpool has completed a number of transactions in the last year, including a benchmark bond sale in foreign waters
Mexican retailer talks $1.58bn bond sale in the local debt capital markets