Xignux Brings MXP1.4bn Bond

Mexican electrical parts maker Xignux has priced MXP1.4bn in 2015 bonds with a coupon of 10.48%. Proceeds from the AA nationally-rated deal will repay MXP1bn in debt maturing this year at its Conductores Monterrey subsidiary, says the company. The funds will also be used for other corporate purposes. Banamex managed the sale.