Mabe keeps premium for bond buyback

Mabe keeps premium for bond buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Mexico Argentina

Mexican home appliance manufacturer Mabe said Thursday that it has offered to pay a $50 premium to bondholders who turn in 5.6% 2028 notes in a proposed buyback that expires on July 14. The Mexico City-based company is offering to pay $1,042.50 for every $1,000 in principal after investors tendered $328 million, or roughly 88.7% of the outstanding amount, by the early deadline on June 29. Last month, when Mabe offered to repurchase the $370 million in 2028 bonds, it said it would pay a spread of

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