Minera Autlan issues $5 million in securitization certificates

Tuesday, 20 August 2019 21:47:37 (GMT+3)   |   Sao Paulo

Mexican-based manganese and ferroalloys producer Minera Autlan said it has issued MXN 100 million ($5 million) in future flow receivables securitization certificates.

The company said it will use the resources for general corporate purposes, including debt payment, working capital and investment projects.

The certificates have a 28-day TIEE rate plus 0.80 percentual points for a 364-day timeframe. TIEE is Mexico’s Interbank Interest Rate.

USD = MXN 19.84 (August 20)

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