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CEO: Unifin Financiera planning to raise up to 3B pesos through debt issuance

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CEO: Unifin Financiera planning to raise up to 3B pesos through debt issuance

UNIFIN FinancieraS.A.B. de C.V. SOFOM E.N.R. is planning to raise up to 3 billion Mexicanpesos through its debt issuance on the local stock exchange, the BMV, in the comingweeks, El Economista reported, citingCEO Luis Barroso.

After placingsenior notes worth $400 million in international markets in September to refinanceits liabilities, the company's goal is to use the proceeds from the issuance forits working capital and to grow its business, according to the Oct. 10 report.

The planned issuance is part of a broader program with the aimof raising up to 7 billion pesos within a term of five years and a fixed rate forthe period, the publication noted.

As of Oct. 10, US$1 wasequivalent to 18.86 Mexican pesos.