Feb 18 • 19:53 UTC 🇲🇽 Mexico El Financiero (ES)

Traxión announces bond issuance of 2,000 million pesos

Grupo Traxión successfully issued 2,000 million pesos in bonds as part of its capital structure optimization strategy.

Grupo Traxión, a logistics, transportation, and mobility company in Mexico, has successfully completed a significant issuance of unsecured bonds in the local market totaling 2,000 million pesos. This issuance is a part of the company's strategy to optimize its capital structure and was authorized by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) for a total of up to 10,000 million pesos, showcasing its strong position within the financial framework of the country. The bonds were listed on the Institutional Stock Exchange (Bolsa Institucional de Valores).

The bond issuance was divided into two tranches to cater to different investment horizons. The first tranche, referred to as Traxión 26, amounted to 1,000 million pesos with a six-year term and an interest rate based on the Interbank Equilibrium Rate (TIIE) plus 195 basis points. The second tranche, Traxión 26-2, also for 1,000 million pesos, had a seven-year term, offering a rate of TIIE plus 200 basis points. This strategic division allows for flexibility in investor options while enhancing the company's liquidity and financial capabilities.

The issuance received robust ratings from specialized agencies, reflecting confidence in Grupo Traxión’s financial health and operational strategy. It was rated A+ (mex) by Fitch Ratings, AA by HR Ratings, and AA/M by Verum, signaling a strong credit profile and reinforcing the company's standing in the Mexican market. Such successful financing initiatives are crucial for Traxión as they aim to expand and innovate within the logistics and transportation sectors.

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