Monex prepares local bond sale

Monex prepares local bond sale

Corporate & Sovereign Strategy Bonds Debt Fixed Income Mexico Capital Markets

Mexican financial holding company Monex plans to issue MXN1.5 billion ($75.2 million) worth of four-year notes in the local market to cover the early redemption of bonds due in 2022, according to a presentation filed with the BIVA stock exchange in Mexico City. The 2025 bonds, which will pay an interest rate based on the TIIE interbank lending rate, are part of a five-year, MXN4 billion bond program that received regulatory approval in October 2017. HR Ratings gave the proposed bonds an A+ ratin

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