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Emerging MarketsEM LatAm

Elektra subsidiary plots bond secured by US-Mexico remittances

Mexico, peso, Santander, Mexican, bank, currency, EM, LatAm, 575

Nueva Elektra del Milenio, the company that operates the retail store and money transfer businesses of Mexico’s Grupo Elektra, will begin virtual meetings with bond investors on Wednesday as it looks to sell a senior secured bond collateralised by remittance flows originated in the US.

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