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Unifin issues $400M of senior notes

said Sept. 26 that it tapped U.S. and international markets fora private offer and issuance of senior notes worth $400 million.   

The notesmature in seven years and yield an annual interest rate of 7.250%.

UNIFIN saidit will use the proceeds from the issuance to pay for its for senior notes launchedSept. 8, as well as for other general corporate purposes.

UNIFIN CEOLuis Barroso said the issuance would result in annual savings of at least 50million Mexican pesos, El Economista reported.

As of Sept. 27, US$1 was equivalent to 19.54Mexican pesos.