May 7, 2021 |
Mexican conglomerate Orbia Advance said Thursday that it issued $1.1 billion in dollar-denominated notes in its first sale of sustainability-linked bonds (SLBs) in the international market.
In a two-part deal, Mexico City-based Orbia, previously known as Mexichem, priced $600 million in 1.875% 2026 bonds at 99.891 to yield 1.898% and $500 million in 2.875% 2031 bonds at 98.816 to yield 3.013%.
Orbia opened the 2026 SLBs with the initial price talk around 145 basis points over US Treasury notes b
Mexican conglomerate prints $1.1 bln in 2026 and 2031 notes to refinance debt