Elektra subsidiary prints first cross-border notes

Elektra subsidiary prints first cross-border notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Nueva Elektra del Milenio (NEM), the retail division of Mexican financial and retailing corporation Grupo Elektra, sold $500 million worth of seven-year bonds in its debut in the international debt market, according to a source involved in the deal. The company opened the deal with the initial price talk in the low-5% area before it priced the new 4.875% 2028 notes at 99.494 to yield 5%, the source said. BCP Securities, Credit Suisse and Jefferies were the bookrunners. NEM used remittances from

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