March 13, 2018 |
Grupo Axo has priced a MXN900m ($48.2m) floating-rate bond in Mexico's local market, sources have confirmed.
The local retailer placed the 2023 note at 250bp over Mexico's 28-day TIIE rate. The first coupon comes in at 10.34%.
Axo's trade is the fift
Mexican retailer sells just under $50m worth of 2023 debt