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Fitch assigns SUAM bonds BBB+
Fitch Ratings said it assigned a BBB+ rating to SUAM Finance BV's issuance of 10-year senior guaranteed bonds.
The notes, in the amount of $500 million, will mature in April 2024 and carry a fixed interest rate of 4 7/8% per annum; interest payments will be made semi-annually.
The notes are fully and unconditionally guaranteed by Sura Asset Management (SUAM), and by the holding companies of SUAM's operating entities in each country: SURA SA (Chile), SURA Asset Management Mexico SA de CV, SURA Asset Management Peru SA and Tublyr SA. (Uruguay).
The notes will be senior unsecured obligations of SUAM Finance and will rank equal in right of payment with all of its future senior unsecured and unsubordinated indebtedness. The guarantees will be senior unsecured obligations of the guarantors and will rank equal in right of payment with all of their other existing and future senior unsecured and unsubordinated debt.
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