Liverpool issues 1,000 mdd in debt to finance Nordstrom purchase

revistafortuna.com.mx

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Read time approx.: 1 minutes, 36 secondsThe securities were the subject of a private offer addressed to qualified institutional investors in the United States and to people outside the United States, but “they have not been publicly offered in Mexico.” The notes will be issued on January 22 next The Mexican chain of department stores the Port of Liverpool (Liverpool) realized a proposed issue of securities in the international debt markets for a…

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Factuality

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The Mexican department store chain The Port of Liverpool issued bonds with a value of $1 billion (mdd) with the objective of financing part of the amount necessary to take over the 49.9% participation of Nordstrom stores. According to the International Financing Review, LSEG, the placement is divided into two tranches: 500 million dollars to seven years, which will pay 175 base points on the rate of the United States Federal Reserve (Fed), and 5…