| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for Nemak, SAB de CV > News item |
Mexico’s Nemak calls 5½% notes due 2023 for redemption
New York, Jan. 24 – Nemak, SAB de CV will redeem its $500 million of 5½% senior notes due 2023 on Feb. 28, according to a notice from the issuer.
Holders will receive 102.75% of par plus accrued interest up to but excluding the redemption date.
The company priced $500 million of new seven-year notes with a 4¾% coupon on Jan. 11 and said that it would use proceeds to refinance the 5½% notes.
Nemak is an automotive parts manufacturing company based in Garcia, Greater Monterrey, Mexico.
© 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.