Home / Daily Briefs / 2020 / 7 / Grupo Mega lands five-year bond deal

Grupo Mega lands five-year bond deal

Grupo Mega lands five-year bond deal

February 7, 2020 | Jo Bruni
Mexican small-business lender gets a good price for $350 mln worth of 2025 notes, investor says

Bonds Debt Capital Markets Fixed Income Structured Finance Mexico United States Rule 144a/ RegS

Mexican small-business lender Grupo Mega sold $350 million worth of 2025 notes on Thursday in a deal that was well oversubscribed, a source involved in the transaction told LatinFinance. Led by Goldman Sachs, Barclays and Morgan Stanley, the Guadalajara-based finance company priced the five-year non-call three notes at par to yield 8.25%, the source said. Mega had set the initial price talk in the high 8% area. It then put the guidance at 8.25%, plus or minus 12.5 basis points, before launching

Already have an account?

    Forgot your password?

Free trial

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

Free Trial