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MiFinanciera readies $1M bond offering

MiFinanciera SA on March 12 will offer corporate bonds worth $1.0 million, according to a regulatory filing.

The series D notes will have a term of five years and yield at an interest rate of 7.75%. They will be issued March 14.

The bonds have a PAA- rating from Pacific Credit Rating.

The company will use the proceeds from the issuance to cancel a syndicated loan as well as exercise the option to redeem its preferred shares and finance lending activities.