Jones Day advises Crédito Real on euro debt issuance

Jones Day has advised Crédito Real in connection with the issuance of €350 million ($384.1 million) in 5.0 per cent senior notes due 2027, as well as with a concurrent tender offer for up to $300 million aggregate principal amount of the 7.250 per cent Senior Notes due 2023.

Crédito Real is a Mexico City-based financial solutions provider and with this issuance it has become the first non-bank financial institution to issue debt in euros and the only high yield company in Latin America to issue under this currency in the last five years, the law firm said.

The Jones Day deal team was led by Carlos Sámano (pictured), and Rodrigo Gómez, both of whom are based in the firm’s Mexico City office.