September 29, 2020 |
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
Mexican department store raises $112 mln to refinance debt