Molymet Sets MXP Timing

Chile’s Molymet is targeting a February 21 pricing for a new 2023 fixed-rate bond of up to MXP2.6bn ($203m) in Mexico’s domestic market. The deal had originally been expected as soon as this week. Proceeds will go towards the company’s investment plan and debt refinancing. Banamex and Banorte-Ixe are managing. Molymet is rated AA+/AA in Mexico. Molymet last issued in Mexico last year, selling MXP1.7bn in 2017 bonds at TIIE+80bp.