January 13, 2021 |
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
Mexican group's retail division prices $500 mln worth of seven-year bonds to yield 5%