Unifin tightens bond return, amends exchange coupon

Adobe, mexico, peso, gold, silver, coins, LatAm, FX, currency, Mexican peso, 575
By Oliver West
26 Jan 2021

Mexican financing and leasing company Unifin Financiera returned to bond markets on Monday for the first time in 18 months, garnering sufficient demand to push the yield on its new $400m eight year into single digits.

The new 9.875% 2029 bond is also being offered to bondholders participating in a parallel exchange. Shortly after pricing the deal, Unifin modified the coupon on the exchange bond to 9.875% from the previously announced 9%, to bring it in line with the new issue with which it ...

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