Mexico's Hipotecaria su Casita to issue $150 million of 10-year senior notes

By Reshmi Basu

New York, Sept. 15 - Hipotecaria su Casita SA de CV Sofol said it plans to issue a maiden offering of $150 million in 10-year senior notes (Ba3/BB-), according to a market source.

The deal is non-callable for five years.

A roadshow is slated to begin on Tuesday in New York, to stop in Boston, Philadelphia and New Jersey on Wednesday, followed by the West Coast on Thursday.

Credit Suisse is the bookrunner for the Rule 144A and Regulation S (no registration rights) transaction.

Proceeds will be used to fund mortgage and construction loans.

The issuer, based in Mexico City, is a mortgage company.

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