Nemak €500 Million 3.25% notes issue

Overview:

• Nemak has issued €500 million in high-yield senior notes.
• The 3.25% notes are due in 2024.
• BNP Paribas, JPMorgan, Morgan Stanley and Citigroup acted as underwriters. 
• This is the first Mexican high-yield debt issue in 2017.
• The funds raised from the issue will be used to repay shorter maturity debt. 
• Nemak is a Mexico-based company which supplies aluminum components to automotive manufacturers.

Rani Mehta - Journalist