August 23, 2021 |
Gigante Grupo Inmobiliario (GGI), the real estate division of the Mexican retail holding company Grupo Gigante, has secured a five-year loan for MXN2 billion ($98.2 million) from HSBC and Santander to refinance bank debts.
The loan has a variable interest rate and increasing monthly repayments, Grupo Gigante said in a securities filing on Thursday without disclosing further details.
On July 22, Grupo Gigante signed a loan and restructured outstanding debts worth a combined MXN1.99 billion with t
Mexican conglomerate borrows $98 mln from HSBC and Santander