Mexican Controladora Mabe To Issue 144A Securities

Mexican white goods producer Controladora Mabe has announced it will issue this week $200 million 10-year priority secured debt in the market for Rule 144A securities. The notes will be placed by Citigroup and ABN Amro. The funds raised will be used to repay existing debt. Standard & Poor’s and Fitch have assigned a BBB- rating to the notes.