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Emerging MarketsEM LatAm

Nemak notches euro SLB with IG covenants

Mexico City, night time, lights, city, LatAm 575

Mexican car parts maker Nemak sold its second sustainability-linked bond in a month on Wednesday, raising €500m in a deal that bankers said marked the company’s migration from high yield to investment grade covenants — though it has just one IG rating.

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