Soriana shapes local bond sale

Soriana shapes local bond sale

Bonds Debt Capital Markets Fixed Income Coronavirus Mexico

Mexican retailer Organización Soriana plans to issue MXN5 billion ($223 million) in long-term bonds in the local market along with MXN6 billion in short-term notes, raising money to refinance debt, according to a report from Fitch Ratings. Fitch assigned a AA+(mex) rating on the local scale to the long-term notes and an F1+(mex) to the short-term notes, in line with Soriana's corporate ratings, the rating agency said on Thursday evening. Soriana outlined a local bond program for up to MXN25 bill

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