Crédito Real SAB de CV said it closed a CHF170 million bond offering in the Swiss market on Jan. 31.
The unsecured, non-callable bonds are due in 2022 and carry an interest rate of 2.875% per year. They will be listed solely on the SIX Swiss Exchange, the company said.
Crédito Real plans to use proceeds from the sale to pay fees and expenses related to the offering, to repay certain debts and for general corporate purposes.
