Mexican miner mandates as bonds trade strongly

Mexico, gold, mining, metals, LatAm, Penoles, 575
By Oliver West
30 Jul 2020

Industrias Peñoles, the world’s largest producer of refined silver, began investor calls on Wednesday ahead of a proposed $600m bond issue with the Mexican mining company largely unaffected by the impact coronavirus pandemic.

Bank of America and JP Morgan are bookrunners on Peñoles’ proposed deal, which is rated BBB/BBB with a stable outlook from both Standard & Poor’s and Fitch. 

Though Peñoles has faced operational headwinds due to Covid-19, the pandemic is likely to have a mixed impact on the ...

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