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Crédito Real issues 300M Mexican pesos of notes

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Crédito Real issues 300M Mexican pesos of notes

Crédito Real SAB de CV said it issued 300.0 million Mexican pesos of local unsecured notes due May 3, 2018.

The notes, which carry an interest rate equivalent to Mexico's TIIE interbank offering rate plus 79 basis points, represent the eighth issuance under the company's dual placement revolving notes program for up to 7.50 billion pesos, or its equivalent in investment units.

Additionally, Crédito Real completed the amortization of 250.0 million pesos of short-term unsecured notes that were issued in April 2017.

As of Oct. 5, US$1 was equivalent to 18.29 Mexican pesos.