Mexican telecommunications company Totalplay returned to the bond market for the first time in six months, as a subsidiary of Brazilian meatpacker JBS printed its first agribusiness receivables certificates, and Chile’s Enaex teed up a sustainable bond sale.
Totalplay said Wednesday that it raised MXN2.5 billion ($128.5 million) in the Mexican market, selling bonds maturing in 2027 and priced at the TIIE interbank lending rate plus 3%. Actinver, Intercam Casa de Bolsa, and Punto Casa de Bolsa acted as underwriters, it said in a securities filing.
The company issued MXN1 billion worth of one-year bonds in April to refinance debt.
SEARA
Brazilian meat producer Seara, for its part, raised BRL1.5 billion ($274 million) in its inaugural sale of agribusiness receivables certificates, known locally as CRAs, according to a source close to the company.
Seara, which is part of meatpacking giant JBS, priced five-year notes at 5.3% plus the variation in the local currency; 10-year notes at inflation plus 6.79%, equivalent to 103% of the interbank lending rate; and 20-year notes at inflation plus 6.84%, equivalent to 105% of the interbank rate, the source said.
JBS also repurchased BRL3.9 billion worth of previously issued CRAs, the person said.
ENAEX
Meanwhile, explosives maker Enaex is planning to sell up to UF1.2 million ($49.6 million) worth of 10-year sustainable bonds in Chile, according to Fitch Ratings.
The company plans to use the proceeds to refinance debt and for general corporate purposes, said Fitch, which assigned the notes a AA- rating on the local scale.
Enaex raised UF2.5 million in September last year in what was the first corporate sustainability-linked bond to hit the local market.