Reverse inquiry drives Unifin PP

Mexico, balance of payments, LatAm, Findep, Unifin
By Oliver West
09 Aug 2019

Mexican leasing company Unifin issued $200m of three year debt via a private placement this week on the back of reverse inquiry from an institutional investor.

BB/BB rated Unifin sold the senior unsecured bonds at a yield of 7% and will use the proceeds to repay short-term credit facilities, the company said. 

In July, Unifin sold $450m of 8.375% January 2028 bonds at 99.248, though these bonds have since fallen below reoffer and closed at ...

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