By Susanna Moon
Chicago, June 29 – Grupo Rotoplas SAB de CV said it issued Ps 2 billion of sustainable bonds in two tranches.
The company sold Ps 600 million of three-year notes at floating rate of 28-day TIIE plus 68 basis points and Ps 1.4 billion of 8.65% 10-year notes.
The issue was the Rotoplas’ first in Latin America and the book was oversubscribed 3.76 times, according to a company announcement.
Proceeds will be used to finance and refinance sustainable initiatives that improve access to water and sanitation.
The placement was made under a Ps 3 billion certificados bursatiles program.
Rotoplas is a Mexico City-based company primarily engaged in the manufacture of construction supplies and fixtures for water management.
| Issuer: | Grupo Rotoplas SAB de CV
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| Issue: | Sustainable bonds
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| Amount: | Ps 2 billion
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| Announcement date: | June 29
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| Ratings: | S&P: AA(mex)
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| Fitch: mxAA-
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| Floaters
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| Amount: | Ps 600 million
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| Maturity: | Three years
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| Coupon: | 28-day TIIE plus 68 bps
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| Fixed-rate notes
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| Amount: | Ps 1.4 billion
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| Maturity: | 10 years
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| Coupon: | 8.65%
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