Mabe tries to refinance 2028 bonds

Mabe tries to refinance 2028 bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Mexico

Mexican home appliance manufacturer Mabe plans to issue "new debt" to refinance up to $370 million in 5.6% 2028 bonds, it said in a press release. The Mexico City-based company has offered to pay bondholders a spread of 145 basis points over US Treasury bonds for every $1,000 in principal, including a $50 premium, until the early deadline on June 29, it said in the press release late Wednesday. BNP Paribas and Citi are the dealer managers on the buyback, it added. Mabe had $444 million in net de

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