Mega looks to add to dollar bonds

Mega looks to add to dollar bonds

Credit Ratings S&P Global Bonds Debt Fixed Income Loans Mexico United States Capital Markets

Mexican small business lender Grupo Mega plans to add $150 million to the $350 million in 8.25% 2025 bonds that it issued in February this year, according to a report from S&P global Ratings on Monday. The Jalisco-based company will use the additional proceeds to fund business growth, S&P said. S&P gave the proposed tap a BB-, one notch below the initial issue for $350 million in February last year. After the tap, the $500 million in outstanding 2025 bonds will represent 64% of Mega'

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