October 15, 2020 |
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
Mexican retailer raises $234 mln in a two-part deal as Profuturo fills orders for $117 mln in seven-year bonds