May 12, 2021 |
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
Mexican financial services firm plans to raise $75 mln to pay off notes that mature next year