Vasconia prepares new bond program

Vasconia prepares new bond program

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial