Crédito Real completes bond sale

Crédito Real completes bond sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexico's Crédito Real has sold $400m in cross-border bonds after delaying the deal for more than a week. The bookrunners Morgan Stanley, Barclays, Citi and Goldman Sachs put the initial price talk in the "high 9s" and priced the 2026 notes at 9.5%, said a banker away from the deal. "They did well and received $900m in orders," the source said. Crédito Real intended to sell at least $500m in cross-border bonds, with the option to increase the deal to $700m, but it cut the deal to $300m to $350

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