Peñoles raises $600 mln in two-part debt deal

Peñoles raises $600 mln in two-part debt deal

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Mexico

Mexican mining company Industrias Peñoles sold $600 million worth of debt on Thursday, a day after mandating banks for the sale, with a retap of its existing 2029 note and a new 30-year bond, sources familiar with the deal said. Peñoles added $100 million to its existing 2029 issue, which carries a 4.15% coupon. The price of 106.02 on the bond was above the secondary market trading price from Wednesday of 105.58. The yield on the newly issued tap was 3.375%, said one source. In a second transact

Already have an account?

Free trial

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

Free Trial