El Puerto de Liverpool, accompanied by BBVA México, completed a US$500 million notes issuance
BBVA México, acting as Joint Bookrunner, supported El Puerto de Liverpool, S.A.B. de C.V., one of Mexico’s leading retail companies, in the successful issuance of notes for a total amount of US$500 million. The transaction will bear interest at a rate of 5.750% and will mature in 2038, strengthening the company’s financial position.
As Joint Bookrunner, BBVA México was one of the lead placement banks, responsible for structuring the offering, assessing market appetite and placing the instruments with investors.
The funds raised through this debt issuance will be used to amortise the LIVEPOL 16 bond. The notes have been rated BBB by S&P Global and BBB+ by Fitch Ratings.
El Puerto de Liverpool, S.A.B. de C.V. is a leading omnichannel department store company with a strong e-commerce platform. It operates 321 stores nationwide under the Liverpool and Suburbia brands, as well as 129 specialty boutiques and 30 shopping centres.