By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – Mexico’s Grupo Elektra SAB de CV said it issued Ps. 5 billion of three-year floating-rate certificados bursatiles.
Interest will be 28-day TIIE plus 240 basis points.
Demand for the certificados bursatiles was 1.61 times the amount placed, according to a company press release.
The issue was done through the Bolsa Institucional de Valores and had demand in domestic and global markets, the company reported.
The proceeds will refinance existing debt.
Grupo Elektra is a Mexico City-based finance and retail corporation.
| Issuer: | Grupo Elektra SAB de CV
|
| Issue: | Certificados bursatiles
|
| Amount: | Ps. 5 billion
|
| Maturity: | Three years
|
| Coupon: | 28-day TIIE plus 240 bps
|
| Announcement date: | Feb. 11
|
|
|
© 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.
