Unifin brings more Mexican high yield supply

Mexico peso
By Oliver West
17 Jul 2014

Unifin Financiera demonstrated the continuing good form of the LatAm high yield market and reinforced the demand for Mexican non-bank lenders as issuers in the bond markets with a five year debut that priced between its peers Findep and Crédito Real.

Citi, Credit Suisse and Scotia Bank indicated initial price thoughts of high 6%-7% for BB-/BB- rated Unifin’s five year non-call three deal on Tuesday, with market participants expecting a deal of $300m.

On the back of strong deals from Brazilians Tupy and InterCement, ...

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