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Mexichem Successfully Completes a Two-Tranche US$1 Billion International Bond Offering

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Tlalnepantla de Baz, Estado de Mexico, September 27, 2017 – Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“Mexichem”) reported that it has successfully completed a 144A / Reg S US$1 billion bond offering.

The offering is comprised of two tranches: a US$500 million bond that will carry a fixed rate of 4.00% and mature in October 2027 and a US$500 million bond that will carry a fixed rate of 5.50% and mature in January 2048. The proceeds of the offering will be used to finance Mexichem’s recent acquisition of Netafim, the world’s largest micro-irrigation company and for other corporate purposes.

The competitive rates at which the bonds were placed and the fact that the offering was more than 8 times oversubscribed, demonstrate the market’s confidence in Mexichem’s growth strategy, future prospects and disciplined financial management. More than 350 investors participated in the offering.

The issuance was rated Baa3 by Moody’s, BBB- by Standard & Poor’s and BBB by Fitch

Click here for the press release

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