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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 US 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

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