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Mexican manufacturer to the global automotive industry, Nemak, lists $500m notes Global Exchange Market (GEM) of the Irish Stock Exchange (ISE). The notes, with a 4.75% interest rate, have a maturity date of January 2025. Nemak also listed €500m notes on GEM in 2017.
About Nemak
Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry. The company specialises in the development and manufacturing of aluminum components for powertrain and body structure applications and employs more than 23,000 people at 38 facilities worldwide and generated revenues of US$4.3 billion in 2016.
ISE is European listing venue of choice for Latin American issuers
The ISE has attracted a number of other Latin American issuers to its two bond markets, the Main Securities Market (MSM) and the GEM. Other companies from Mexico choosing to list on ISE markets include:
- Pemex, the Mexican oil company
- CFE, the national electricity company
- Grupo Bimbo, the world leading consumer food company
- AXTEL, the leading Mexican integrated information and communications technology services company
- CEMEX, the global building materials company.
