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Mexico's Crédito Real taps bond market for 250M pesos

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Mexico's Crédito Real taps bond market for 250M pesos

Crédito Real SAB de CV Sociedad Financiera de Objeto Múltiple said it issued 250.0 million Mexican pesos of local unsecured notes on April 6.

The issuance took place under a revolving dual placement program for up to 7.50 billion pesos of unsecured notes, or its equivalent in investment units.

Additionally, the company said it completed the amortization of 300.0 million pesos of short-term unsecured notes that were issued in May 2016 and came due on April 6.

As of April 7, US$1 was equivalent to 18.69 Mexican pesos.