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GC Asia
Findep continues Mexican HY successes
Mexican microfinance company Financiera Independencia (Findep) cut its borrowing costs with a $200m five year bond to buy back old debt, overcoming the fact that the deal’s small size put off some investors.
Having released initial price thoughts of 8% on Tuesday and built a book of more than $500m by the close. Orders rose to around $850m on Wednesday and bookrunners Barclays, BCP Securities and HSBC refined guidance to 7.875% area.
The deal was priced at the tight end, as ...Already a subscriber? Login
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Latest news from Emerging Markets
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Dada Nexus bags $450m from ADS follow-on, stock tanks
08.30 AM -
China policy and markets round-up: Beijing finalises D-Sib rules, Caixin PMIs hit decade high, US bill to delist Chinese companies clears House
08.00 AM -
LifeTech Scientific, Yeahka share sales net HK$1.9bn
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E-House returns for new $200m bond
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Blue Moon rises with Hong Kong listing rapidly covered
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Further Reading
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Follow-ons/Rights Issues
Dada Nexus bags $450m from ADS follow-on, stock tanks
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People & Markets
China policy and markets round-up: Beijing finalises D-Sib rules, Caixin PMIs hit decade high, US bill to delist Chinese companies clears House
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Follow-ons/Rights Issues
LifeTech Scientific, Yeahka share sales net HK$1.9bn
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Corp
E-House returns for new $200m bond
