Mexico's Grupo R talks $950 million seven-year notes at low- to mid-8% area; pricing Sept. 9 week

By Christine Van Dusen

Atlanta, Sept. 12 - Mexico's Grupo R SA de CV gave initial guidance in the low- to mid-8% area for its upcoming issue of $950 million seven-year notes (expected ratings: /BB/BB), a market source said.

Credit Suisse, Citigroup, Deutsche Bank and Santander are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to repay debt relating to the company's ultra-deep water assets.

The deal is expected to price this week.

Grupo R is based in Col. Veronica Anzures, Mexico.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.