Mexico's Unifin Financiera launches $400M notes offering

Mexico-based Unifin Financiera SAB de CV has launched a foreign offering of senior notes for up to $400.0 million.

The notes carry an annual interest rate of 9.875% and mature on Jan. 28, 2029. The notes will be issued, placed and settled on Jan. 28.

The offering was oversubscribed by 3.4x, the company said.

Unifin Financiera will use the resources from the offering to pay for liabilities, and use the remainder for general corporate purposes.