Credito Real announced the sale of certain commercial assets of its SMEs. Proceeds will be used to repurchase bonds issued abroad. The company did not comment on the specific assets that will be sold, nor on the buyer or the amount of the transaction. “The decrease in SMEs is in line with the strategy that the company had previously announced, in a move to increase profitability and reduce risks. We hope that Crédito Real’s focus on its main business will contribute to the improvement of results going forward”, said Analysts of the bank Ve por Más.
Credito Real´s USD bonds were up with its 8% 2028s up 1.53% to 90.36, yielding 10.06% and its 9.125% Perps up .89 to 75.363, yielding 10.62%
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