August 31, 2021 |
Mexican direct-to-consumer company Betterware de México does not plans to issue bonds again this year after completing a two-part deal for MXN1.5 billion ($74.5 million) in the local market, a source close to the company told LatinFinance on Monday.
Betterware priced MXN1 billion in seven-year sustainability bonds at a fixed rate of 8.35% and MXN500 million in four-year notes at the TIIE interbank lending rate plus 0.4% as part of a MXN10 billion program. The transaction was more than three time
Mexican direct-to-consumer company issues $74 mln worth of sustainability bonds to pay off debt and fund investments in a new distribution center