September 23, 2019 |
Mexico's Crédito Real concluded meetings with European investors on Friday, ahead of the possible sale of euro-denominated notes, sources told LatinFinance.
"They went to all the usual suspects," said a bonds trader in New York. "The idea is that they will do a bond of at least $300m to cover a buyback of their 2023s, but I think they will probably aim for the $500m benchmark size."
Crédito Real could issue the new notes the week of September 23, said one of the bankers on the deal. Barclays, BN
Mexican lender could set a new benchmark in euro-denominated notes to fund a $300m buyback, source says