August 23, 2019
GMéxico Transportes, the railroad division of Grupo México, could raise up to MXN7.8bn ($394m) from a two-part bond sale in the local market, according to a report from S&P Global.
The company will divide the deal into one series of four-year notes and another of 10-year notes. It will use the money to pay off loans and cover general corporate purposes, according to S&P.
"Likewise, the capital structure will improve since certain financial restrictions will be eliminated and the term of
Railroad division GMéxico Transportes looks to raise $394m in the local bond market