Mexico's Industrias Unidas marketing $200 million 10-year notes via Morgan Stanley

By Paul A. Harris

St. Louis, Nov. 3 - Mexican copper products manufacturer Industrias Unidas, SA de CV is expected to price a $200 million offering of 10-year senior notes on Monday, according to an informed source.

Price talk is 11½%.

Morgan Stanley is the bookrunner for the Rule 144A and Regulation S deal.

The notes will come with five years of call protection.

The expected issuer ratings are B2 from Moody's Investors Service and B from Standard & Poor's.

The prospective issuer produces copper tubing, wire and cable, valves, controls, residential wiring devices, distribution transformers, and watt-hour meters.

© 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.