Home / Daily Briefs / 2023 / 7 / Findep extends premium for bond swap

Findep extends premium for bond swap

Findep extends premium for bond swap

February 7, 2023 | Hernán Goicochea
Mexican non-bank lender maintains the same terms until February 17 after investors turn in $93 mln of $162 mln in 2024 notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Mexico

Mexican non-bank lender Financiera Independencia (Findep) said it will extend the $10 premium until the final deadline on February 17 in an offer to exchange 8% 2024 bonds for 10% notes that mature in 2028. Findep previously offered to pay the premium until the early deadline on February 3, but it kept the original terms after bondholders only tendered $92.6 million out of $162 million worth of 2024 notes, it said in a press release on Friday. BCP Securities is the sole dealer manager on the bon

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