Concentradora Fibra Danhos SA de CV (DANHOS13.MX)

DANHOS13.MX on Mexico Stock Exchange

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Fibra Danhos announces debt issue for MXN 4 bln in Mexican market
Tuesday, 12 Jul 2016 

Concentradora Fibra Danhos SA de CV : Said on Monday that it had conducted its first long-term debt issuance of trust certificates in the Mexican debt market for 4.00 billion Mexican pesos ($218.2 million) . The deal was done through two unsecured issues in communicating vessels, under a program authorized by the CNBV (Mexico's financial system regulator) for a total amount of 8.00 billion Mexican pesos . Said 3.00 billion Mexican pesos fixed nominal rate issue for a 10-year period with a 7.80 percent coupon rate (Mexican 10-year bond yield + 185 basis points) . Said 1.00 billion Mexican pesos floating rate issue for a 3.5-year period with a TIIE28 + 65 basis points coupon rate .The money obtained will be primarily used for the acquisition, construction and development of projects, general corporate expenses and working capital.  Full Article