By Christine Van Dusen
Atlanta, Nov. 20 – Mexico’s Elementia SA de CV sold $425 million notes due in 2024 (expected ratings: /BB+/BB+) to yield 5¾% on Thursday, a market source said.
The notes were talked at a yield in the low-6% area.
Citigroup, HSBC and Santander were the bookrunners for the Rule 144A and Regulation S deal.
Other details were not immediately available on Thursday.
Elementia is a Mexico City-based manufacturer and distributor of copper, aluminum, fiber cement, concrete polyethylene and styrene products for the industrial, construction and infrastructure sectors in Mexico, the United States and Latin America.
| Issuer: | Elementia SA de CV
|
| Amount: | $425 million
|
| Maturity: | 2024
|
| Description: | Senior notes
|
| Bookrunners: | Credit Suisse, Morgan Stanley, Citigroup, HSBC, Santander
|
| Yield: | 5¾%
|
| Trade date: | Nov. 20
|
| Ratings: | Standard & Poor’s: BB+
|
| Fitch: BB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Low 6% area
|
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