By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – Orbia Advance Corp., SAB de CV sold a two-part offering of sustainability-linked short and long-term notes for a total of Ps. 10 billion in the Mexican market, according to a news release.
Orbia issued Ps. 2.34 billion of notes due Dec. 4, 2025 with a coupon of 28-day TIIE plus 40 basis points.
It also issued Ps. 7.66 billion of 10.63% notes due Nov. 25, 2032.
The specialty products provider is based in Mexico City.
| Issuer: | Orbia Advance Corp., SAB de CV
|
| Issue: | Sustainability-linked notes
|
| Amount: | Ps. 10 billion
|
| Announcement date: | Dec. 8
|
| Ratings: | Fitch Mexico: AAA
|
| HR Ratings de Mexico: AAA
|
|
|
| 2025 notes
|
| Amount: | Ps. 2.34 billion
|
| Maturity: | Dec. 4, 2025
|
| Coupon: | 28-day TIIE plus 40 bps
|
|
|
| 2032 notes
|
| Amount: | Ps. 7.66 billion
|
| Maturity: | Nov. 25, 2032
|
| Coupon: | 10.63%
|
© 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.
