FinBe sets up next bond sale

FinBe sets up next bond sale

Bonds Funds Mexico Capital Markets Credit Ratings

Mexican commercial financial services firm Financiera Bepensa (FinBe) plans to issue up to MXN2 billion ($99.3 million) in bonds in the local market, according to HR Ratings. The Mexico City-based firm will use the proceeds to pay down debt and fund operations, HR Ratings said in a report on Thursday. Actinver and Banorte are the bookrunners on the deal, which is part of a five-year, MXN7 billion bond program. HR Ratings assigned the bonds an HR1 rating on the local scale. FinBe last came to the

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