October 7, 2020 |
Mexican steel and aluminum goods company Vasconia is readying a MXN1.5 billion ($69 million) bond program in the local market, according to a ratings report from HR Ratings.
The program, which still needs regulatory approval, will last five years and allow the company to issue short- or long-term bonds in Mexican pesos, inflation-linked UDIs or foreign currency, according to HR Ratings.
Vasconia will use the proceeds to cover operating costs and refinance debt, HR Ratings said.
HR Ratings gave
Mexican steel and aluminum products company can issue $69 mln in pesos, UDIs and foreign currency