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Crédito Real issues 300M Mexican pesos in local notes

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Crédito Real issues 300M Mexican pesos in local notes

Crédito Real SABde CV Sociedad Financiera de Objeto Múltiple issued 300 million Mexicanpesos on May 5 in short-term unsecured local notes, according to a securities filing.

The capital raise marks the financial group's 19th issuance underits short-term notes revolving program of 2.5 billion pesos. Additionally, CréditoReal said it completed the amortization of its 200 million pesos that were issuedon June 4, 2015, and came due May 5.

As of May 5, US$1 was equivalentto 17.78 Mexican pesos.