El Palacio de Hierro issues local bonds

El Palacio de Hierro issues local bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Mexican department store chain El Palacio de Hierro said it sold MXN2.5 billion ($112 million) worth of seven-year bonds in the local market, according to a securities filing. With BBVA and Scotiabank as placement agents, El Palacio del Hierro sold the 2027 notes at par with a 7.08% coupon on Friday, it aaid in the filing. The deal is scheduled to settle on Tuesday, it added. The high-end retailer said it will use the proceeds from the bond sale to refinance debt. Fitch Ratings gave the notes an

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