Molymet sells bonds in Mexico

Molymet sells bonds in Mexico

Bonds Debt Fixed Income Capital Markets Mexico Chile

Chile's Molibdenos y Metales (Molymet) earned MXN4 billion ($191 million) in a two-part bond sale in the Mexican market on Friday, raising money to pay off debt and cover investments. The San Bernardo-based molybdenum mining company priced MXN2.52 billion in four-year notes at the 28-day TIIE interbank lending rate plus 0.9% and MXN1.48 billion in six-year bonds at a fixed rate of 9.18%, according to a securities filing. Citibanamex and Scotiabank coordinated the sale, part of the MXN6 billion b

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