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)