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Crédito Real issues more unsecured notes

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Crédito Real issues more unsecured notes

Crédito Real SAB de CV Sociedad Financiera de Objeto Múltiple ER said it issued 250.0 million Mexican pesos worth of short-term unsecured notes that mature Dec. 7.

The notes carry an interest rate equivalent to Mexico's interbank offering rate, or TIIE, plus 90 basis points, according to a June 8 filing. The notes represent the fourth issuance under the company's revolving dual placement program for up to 7.50 billion pesos, or its equivalent in investment units.

Crédito Real previously issued 250.0 million pesos of unsecured notes on May 4 under the same program.

As of June 9, US$1 was equivalent to 18.18 Mexican pesos.