| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Credito Real SAB de CV Sofom ER > News item |
Credito Real’s planned $200 million subordinated perpetual notes guided to yield 9¼% area
By Rebecca Melvin
New York, Nov. 20 – Mexico’s Credito Real SAB de CV Sofom ER’s planned $200 million of subordinated perpetual notes (expected rating: B+/BB-) were guided to 9¼% plus or minus 1/8% with final terms expected to be fixed on Tuesday, according to a market source.
Guidance was tightened from initial talk in the low to mid 9% range.
UBS Investment Bank, BofA Merrill Lynch and Credit Suisse are bookrunners for the Rule 144A and Regulation S deal, for which proceeds will be used to refinance debt and for corporate purposes.
Mexico-based Credito Real provides consumer financing.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.