Digital Assets in Capital Markets

Advanced course on digital assets - assets created using a blockchain/DLT network - designed for finance professionals.

IBF-STS
8 CACS CPD Hours

15 November 2022 (Tuesday) | 9am-5pm

Mexico’s largest non-bank lender Credito Real has asked Goldman Sachs to arrange rescue financing to pay down a CHF 170mn  ($180mn) 2.875% bond due February 9, 2022s. As per sources, Goldman has been asked by the Mexican lender to seek potential sources of new financing secured by the company’s assets to cover the upcoming maturity and avoid default. Rating agencies S&P and Fitch have downgraded the company to B- after noting that various strategies to improve its liquidity failed to accumulate a sufficient cash buffer leaving significant execution risk at hand to meet its upcoming maturities.

Credito Real’s CHF 2.875% 2022s were trading steady at 93.06.

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