Mexico’s Financiera Independencia calls 7˝% notes due 2019 at 103.75

By Susanna Moon

Chicago, July 13 – Financiera Independencia, SAB de CV issued a conditional redemption notice for its 7˝% senior notes due 2019.

The notes will be redeemed on Aug. 11 at a redemption price of 103.75% of par plus accrued interest to but excluding the redemption date, according to a notice.

The redemption is conditioned upon the settlement of a dollar-denominated senior notes financing, the release noted.

The Bank of New York Mellon is the trustee.

As previously announced, investors had tendered $80,063,000, or about 40%, the 7˝% notes in the tender that ended at 11:59 p.m. ET on Aug. 9, 2016.

The total purchase price was $1,000 for each $1,000 principal amount of notes, which included a $50 early tender payment per $1,000 of notes.

Financiera Independencia is a microfinance lender based in Mexico City.

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