Hospitales Mac prescribes local bond sale
Hospitales Mac prescribes local bond sale Mexican healthcare company prices $75 mln in five-year notes on the BIVA exchange
Credit RatingsBondsDebtFundsMexico Mexican healthcare company Hospitales Mac said it raised MXN1.5 billion ($75.2 million) in a bond sale in the local market that was two times oversubscribed, according to a securities filing.
The company priced the five-year notes at TIIE interbank lending rate plus 2.1% as part of a MXN3 billion bond program. The bonds are listed on the BIVA exchange in Mexico City under the ticker SALUD21. Actinver was the bookrunner, Hospitales Mac said in the filing on Wednesday.
BIVA captured 16% of the Mexican stock market during 2020, in its second year of operations
Throughout the year, BIVA increased its business volume by 70%, to 115 million dollars.
In this period, and despite the difficulties induced by the health emergency resulting from the COVID-19 pandemic, the consolidated trading volume recorded by the company amounted to more than 2.7 billion dollars.
During 2020, BIVA broke three years without any IPO in Mexico when the energy company COX Energy America (COXAII:MM) began trading last June. Despite being a complex and atypical 2020 due to the effects of the pandemic, our work alongside issuers and investors to strengthen the Mexican capital market has allowed us to be the fastest-growing option in the nation, María Ariza, CEO of BIVA, explained.