By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – Orbia Advance Corp., SAB de CV sold a two-part offering of sustainability-linked short and long-term notes for a total of Ps. 10 billion in the Mexican market, according to a news release.
Orbia issued Ps. 2.34 billion of notes due Dec. 4, 2025 with a coupon of 28-day TIIE plus 40 basis points.
It also issued Ps. 7.66 billion of 10.63% notes due Nov. 25, 2032.
The specialty products provider is based in Mexico City.
Issuer: | Orbia Advance Corp., SAB de CV
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Issue: | Sustainability-linked notes
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Amount: | Ps. 10 billion
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Announcement date: | Dec. 8
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Ratings: | Fitch Mexico: AAA
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| HR Ratings de Mexico: AAA
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2025 notes
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Amount: | Ps. 2.34 billion
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Maturity: | Dec. 4, 2025
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Coupon: | 28-day TIIE plus 40 bps
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|
2032 notes
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Amount: | Ps. 7.66 billion
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Maturity: | Nov. 25, 2032
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Coupon: | 10.63%
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