January 17, 2020 |
Mexican lender Crédito Real has approached Japanese investors with an eye towards selling yen-denominated notes to expand its funding base, a spokesperson confirmed on Thursday.
The lender became the first non-banking financial institution from Mexico to issue euro-denominated notes in September last year, when it sold €350 million ($390 million) worth of eight-year bonds at 5%. Crédito Real also sold $400 million in dollar-denominated notes at 9.5% in February last year.
Crédito Real also issue
Mexican lender considers selling yen-denominated bonds to expand its funding base