CREDITO REAL, S.A.B. DE C.V., SOFOM, E.R. INCREASED THE SHARE OF ITS FIXED R
15 Mayo 2017 - 4:21PM
BMV General Information
MEXICO CITY, MAY 15, 2017. CREDITO REAL, S.A.B. DE C.V., SOFOM,
E.R. ("CREDITO REAL"), ANNOUNCES THAT, ON MAY 15, 2017, A
DERIVATIVE FINANCIAL INSTRUMENT WAS CONTRACTED TO FIX THE FLOATING
RATE (TIIE) AT 7.27% OF A $1,000 MILLION PESOS DEBT TRANCHE, DUE
2023. THIS CONTRACT ALLOWS THE COMPANY TO FIX THE INTEREST RATE;
DECREASING THEFLUCTUATION RISKS RELATED TO THE DEBT SERVICE OF THE
AFOREMENTIONED AMOUNT.WITH THIS NEW DERIVATIVE FINANCIAL
INSTRUMENT, CREDITO REAL INCREASES THE SHARE OF ITS FIXED RATE DEBT
TO 46%OF ITS TOTAL CONSOLIDATED DEBT.
* * * * * * * * *
ABOUT CREDITO REALCREDITO REAL IS A LEADING FINANCIAL INSTITUTION
IN MEXICO, FOCUSING ON CONSUMER LENDING WITHA 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 PRODUCTS MAINLY TO THE LOW AND MIDDLE
INCOME SEGMENTS OF THE POPULATION THAT HAVE HISTORICALLY BEEN
UNDERSERVED BY OTHER FINANCIAL INSTITUTIONS. CREDITO REAL STOCK IS
LISTED ON THE MEXICAN STOCK EXCHANGE UNDER THE TICKER SYMBOL
"CREAL*". (BLOOMBERG IDENTIFICATION NUMBER IS CREAL* MM). 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