CREDITO REAL, S.A.B. DE C.V., SOFOM, E.R. INCREASED THE SHARE OF ITS FIXED RA
06 Abril 2017 - 04:37PM
BMV General Information
MEXICO CITY, APRIL 6, 2017. CREDITO REAL, S.A.B. DE C.V., SOFOM,
E.R. ("CREDITO REAL"), ANNOUNCES THAT, ON APRIL 5, 2017, TWO
DERIVATIVE FINANCIAL INSTRUMENTS WERE CONTRACTEDTO FIX THE VARIABLE
INTEREST RATE OF THE DEBT ISSUANCES ("DEBT CERTIFICATES") WITH
TICKER SYMBOLS "CREAL 15" AND "CREAL 16". THESE CONTRACTS, RELATED
TO SWAP RATES, ALLOW THE COMPANY TO FIX THE INTEREST RATE, THUS
HAVING FULL CERTAINTY OF THE DEBT SERVICE OF BOTH DEBT
INSTRUMENTS.
EACH ONE OF THE AFOREMENTIONED DEBT CERTIFICATES WITH TICKER
SYMBOLS "CREAL 15" AND "CREAL 16" WERE PLACED IN THE AMOUNT OF
$1,000,000,000.00 (ONE BILLION PESOS 00/1000 MXN), AND HAVE A DUE
DATE ON MARCH 2018 AND SEPTEMBER 2018, RESPECTIVELY.
WITH THESE NEW DERIVATIVE FINANCIALINSTRUMENTS, CREDITO REAL
INCREASES THE SHARE OF ITS FIXED RATE DEBT TO 33% OF ITS TOTAL
CONSOLIDATED DEBT.
ABOUT CREDITO REAL:CREDITO REAL IS A LEADING FINANCIAL INSTITUTION
IN MEXICO, FOCUSING ON CONSUMER LENDING WITH A DIVERSIFIED BUSINESS
PLATFORM IN FIVE MAIN LINES OF BUSINESS: PAYROLL CREDITS, DURABLE
GOODS LOANS, SMALL BUSINESS LOANS, GROUP LOANS AND USED CAR LOANS.
CREDITO REAL OFFERS ITS PRODUCTSMAINLY TO THE LOW AND MIDDLE
SEGMENTS OF THE POPULATION THAT HAVE HISTORICALLY BEEN UNDERSERVED
BY OTHER FINANCIAL INSTITUTIONS.CREDITO REAL'S INVESTOR
RELATIONS:
PHONES: +52 (55) 5228 9753, +52 (55) 5340 5200EMAIL:
INVESTOR_RELATIONS@CREDITOREAL.COM.MX
IGA WOLSKA: IWOLSKA@CREDITOREAL.COM.MXWEB PAGE: WWW.CREAL.MX
CREDITO REAL SHARES ARE LISTED ON THE MEXICAN STOCK EXCHANGE UNDER
THE TICKER SYMBOL AND SERIES "CREAL*". (BLOOMBERG IDENTIFICATION
NUMBER IS CREAL* MM)