By Marisa Wong
Madison, Wis., May 8 – Mexico’s Grupo Televisa, SAB priced a Ps. 5 billion issue of local bonds due 2022 with an interest rate equal to the 28-day interbank equilibrium interest rate plus 35 basis points, according to a 6-K filing with the Securities and Exchange Commission.
The bonds will be issued under the company’s existing bond program.
Settlement is expected Monday.
Proceeds will be used for general corporate purposes and working capital.
Televisa is a Mexico City-based mass media company.
Issuer: | Grupo Televisa, SAB
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Issue: | Local bonds
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Amount: | Ps. 5 billion
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Maturity: | 2022
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Coupon: | 28-day interbank equilibrium interest rate plus 35 bps
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Pricing date: | May 8
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Settlement date: | May 11
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