Soriana sells new notes in local market

Soriana sells new notes in local market

Bonds Debt Capital Markets Fixed Income Mexico

Mexican retailer Organización Soriana came to the local bond market on Tuesday with MXN5 billion ($235 million) in a two-part deal that was 3.44 times oversubscribed, it said in a securities filing. The company placed MXN1.2 billion worth of 2023 bonds at the TIIE interbank lending rate plus 0.6%, which puts the all-in rate at 5.14% for the first year, Soriana said. The company also placed MXN3.8 billion worth of 2025 bond at a fixed interest rate of 6.37%, or 130 basis points over the Mbono ref

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