Vesta secures fresh funding

Vesta secures fresh funding

Debt Loans Capital Markets Fixed Income Corporate & Sovereign Strategy Mexico

Mexico's Vesta said it has secured $290m in funding with $125m from a revolving credit line, $85m from a private placement and $80m from a syndicated loan. The Mexico City-based real estate company split the private placement into a 10-year, $70m tranche at a fixed rate of 5.18% and a 12-year, $15m tranche at 5.28%, Vesta said in a statement. "The notes were placed with a consortium of leading institutional investors," Vesta added without naming the buyers. The five-year syndicated loan, meanwhi

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial