Credito Real ties up syndicated loan

Credito Real ties up syndicated loan

Structured Finance Mexico Loans

Credito Real has secured $110m in financing through a new syndicated loan led by Credit Suisse, LatinFinance has heard. Six lenders contributed to the three-year facility, which priced at 550bp over Libor. The new credit replaced a two-year $100m loan that Credito Real signed in June 2015. The old loan involved 10 banks and priced at 610bp over Libor. "Prices have tightened, along with overall bond spreads," a banker in New York said, explaining the lower margin in the new facility. The Mexican

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