Mexican lender Unifin is planning to issue Mexican Peso denominated bonds this week. The announcement came after investors raised concerns about the company’s ability to refinance its debt. Unifin is in talks to potentially expand its revolving credit lines and renew others over the next two months, while adding that its initial potential $100mn equity injection is not being considered anymore. Unifin’s CEO Sergio Camacho said, “The sources and alternatives of funding for the company continue to be very solid and diverse. The only reason why we are having contagion, exclusively in the international bond market, is because we are a non-banking financial institution, but fundamentally we are two totally different things.”
Unifin’s USD bonds were stable with its 7% 2025s trading at 54.7, yielding 32.2%
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