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Crédito Real seeks 1B pesos through bond issuance

Crédito Real S.A.B.de C.V. Sociedad Financiera de Objeto Múltiple is seeking 1 billionMexican pesos through a bond issuance denominated in pesos or its equivalent ininvestment units, which will have a maturity date of Sept. 13, 2018, El Economista reported March 30.

The bond issuance,which will be launched March 31, will pay a variable interest rate that will includea surtax still to be determined, the report said.

As of March 29, US$1 wasequivalent to 17.50 Mexican pesos.