Crédito Real S.A.B. de C.V. Sociedad Financiera de Objeto Múltiple E.R. on Aug. 3 said that it successful issued 200 million Mexican pesos in local unsecured notes with an interest rate equivalent to Mexico's interbank offering rate, the TIIE, plus 85 basis points.
The bonds mature on March 1, 2018, and are the company's sixth issuance under a dual placement program for unsecured notes in the total amount of up to 7.50 billion pesos, or the equivalent in official investment units. Crédito Real made its fifth such issuance in July.
As of Aug. 3, US$1 was equivalent to 17.86 Mexican pesos.