New Issue: Mexico’s Grupo LALA prices Ps. 4.63 billion in two tranches

Chicago, Sept. 17 – Grupo LALA, SAB de CV priced Ps. 4.63 billion of long-term bonds in two tranches on Thursday (//AA/HR: AA-), according to a press release.

The certificados bursatiles have maturities of three and seven years.

The fixed-rate seven-year tranche has a coupon of 7.54%. The three-year floating-rate tranche has a rate of TIIE28 plus 99 basis points.

Proceeds will be used to refinance outstanding liabilities.

Grupo LALA is a Mexico City company focused on healthy and nutritious food, particularly milk and dairy products.

Issuer:	Grupo LALA, SAB de CV
Issue:	Certificados bursatiles
Amount:	Ps. 4,634,348,400
Ratings:	Fitch:AA(mex)
	HR: AA
Floating-rate bonds
Amount:	Ps. 1,366,166,600
Maturity:	Sept. 14, 2023
Coupon:	TIIE28 plus 99 bps
Fixed-rate bonds
Amount:	Ps. 3,268,181.800.00
Maturity:	Sept. 9, 2027
Coupon:	7.54%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.