August 19, 2022 |
Panamanian home improvement retailer Cochez y Cía plans to issue up to $90 million worth of bonds in the local market to pay off debt, it said in a securities filing on Wednesday.
Cochez plans to issue one or more series of dollar-denominated notes at fixed or floating rates based over the secured overnight financing rate (SOFR). The bonds will mature in up to 10 years, it said in the filing.
The company has hired MMG Bank as the sole placement agent on the bond sale, it added.
Home improvement retailer could issue up to $90 mln in 10-year notes to pay off debt