Cox Places $2 Billion in High Demand US Bonds
14 Articles
14 Articles
The Mexican subsidiary of the Spanish energy group Cox ABG Group successfully completed a bond issue in the United States market for $2 billion, an operation that supports the recent acquisition of Iberdrola’s assets in Mexico and validates its financial discipline strategy, the company reported. The transaction was carried out in 144A/Reg S format and generated an interest of approximately $8 billion, which allowed to raise the supply size from…
The firm will pay with these funds two thirds of the credit requested to acquire the platform of Iberdrola on Mexican soil.
The company closes an over-subscribed operation and ensures the refinancing of its bridge debt linked to Iberdrola Mexico Cox closes the purchase of Iberdrola Mexico for 4 billion dollars
Cox moves to control a platform with 3.9 GW of installed capacity and a marketer with more than 25% market share in Mexico
Enrique Riquelme, president and founder of Grupo Cox, together with Nacho Moreno, CEO of the company. The Spanish company Cox concluded a bond issue of $2 billion in the US market, in an operation that greatly exceeded the initial expectations and that will serve to refinance the acquisition of Iberdrola Mexico. The company detailed in a statement that the placement was carried out in 144A/Reg S format, considered one of the most demanding debt …
Cox has successfully completed its first bond issuance in the US market for $2 billion. This transaction marks Cox's entry into the US debt market in the 144A/Reg S format, one of the most selective and demanding markets globally, where access is reserved for issuers with scale, credibility, and proven execution capabilities. Due to strong demand, Cox increased the issuance size from the initial $1.5 billion to $2 billion, with bonds maturing in…
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