CREDITO REAL, S.A.B. DE C.V., SOFOM, E.R. INCREASED THE SHARE OF ITS FIXED RA
18 Abril 2017 - 05:56PM
BMV General Information
MEXICO CITY, APRIL 18, 2017. CREDITO REAL, S.A.B. DE C.V., SOFOM,
E.R. ("CREDITO REAL"), ANNOUNCES THAT, ON APRIL 18, 2017, A
DERIVATIVE FINANCIAL INSTRUMENT WAS CONTRACTED TO FIX THE VARIABLE
INTEREST RATE OF A $1,500 MILLION PESOS' DUE 2023. THIS CONTRACT
ALLOWS THE COMPANY TO FIX THE INTEREST RATE THUS DECREASING THE
FLUCTUATIONRISKS RELATED TO THEIR DEBT SERVICE.
WITH THIS NEW DERIVATIVE FINANCIAL INSTRUMENT, CREDITO REAL
INCREASES THE SHARE OF ITS FIXED RATE DEBT TO40% 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 BUSINESSLOANS, 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