By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – Orbia Advance Corp., SAB de CV sold a two-part reopening of sustainability-linked short- and long-term notes for a total of Ps. 10 billion in the Mexican market, according to a news release.
The notes are reopenings of notes issued in 2022. Those issuances also totaled Ps. 10 billion.
Orbia issued Ps. 2.1 billion of reopened notes due Dec. 4, 2025 with a coupon of 28-day TIIE plus 40 basis points.
It also issued Ps. 7.9 billion of reopened 10.63% notes due Nov. 25, 2032.
The specialty products provider is based in Mexico City.
| Issuer: | Orbia Advance Corp., SAB de CV
|
| Amount: | Ps. 10 billion in reopening
|
| Issue: | Sustainability-linked notes
|
| Announcement date: | Aug. 31
|
| Ratings: | Fitch Mexico: AAA
|
| HR Ratings de Mexico: AAA
|
|
|
| 2025 notes
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| Amount: | Ps. 2.1 billion
|
| Maturity: | Dec. 4, 2025
|
| Coupon: | 28-day TIIE plus 40 bps
|
| Previous issuance: | Ps. 2.34 billion
|
|
|
| 2032 notes
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| Amount: | Ps. 7.9 billion
|
| Maturity: | Nov. 25, 2032
|
| Coupon: | 10.63%
|
| Previous issuance: | Ps. 7.66 billion
|
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