Crédito Real heads to Europe

Crédito Real heads to Europe

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico Europe

Mexico's Crédito Real plan to issue between €400m and €450m, or $443m to $499m, in new euro-denominated notes to fund the buyback of up to $300m in dollar bonds that mature in 2023, according to a report from S&P Global. S&P gave the upcoming issue a BB+ rating, level with Crédito Real's corporate ratings, saying the lender's secured debt equaled less than 15% of its risk-weighted assets as of June this year. S&P also said Crédito Real had the resources to cover its unsecured debts.

Already have an account?

Free trial

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

Free Trial