Mexico Retailer Liverpool Sells Bonds for Nordstrom Buyout
- Founding family, Liverpool agreed last month to buy retailer
- Eight firms selling US investment-grade bonds Thursday
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El Puerto de Liverpool SAB de CV tapped the US investment-grade bond market for $1 billion of bonds to help finance its portion of the deal to take department store operator Nordstrom Inc. private.
The Mexican retailer sold notes in two parts, according to a person familiar with the matter. The longer tenor, a 12-year bond, yields 2.05 percentage points over Treasuries, said the person, asking not to be identified as they’re not authorized to speak publicly. Initial price talk was in the 2.4 percentage points area.