PR Newswire | Aug 30, 2021 09:22AM EDT

Issuance in the Mexican Market

08/30 08:21 CDT

Betterware de Mxico, S.A.P.I. de C.V. Completes Successful Sustainability Bond Issuance in the Mexican Market GUADALAJARA, Mexico, Aug. 30, 2021

GUADALAJARA, Mexico, Aug. 30, 2021 /PRNewswire/ -- Betterware de Mxico, S.A.P.I. de C.V. (Nasdaq:BWMX) ("Betterware" or the "Company"), reports that it successfully concluded the offering of a two-tranche sustainability bond issuance for a total of MXN$1,500 million pesos, with maturities across 4 and 7 years, offered in the Mexican Market.

The 4-year tranche amounts to $500 million pesos with a variable coupon of 28-day TIIE (28-day Interbank Interest Rate) + 0.40% payable monthly.

The 7-year tranche amounts to $1,000 million pesos with a fixed coupon of 8.35% payable semi-annually.

Fitch Ratings assigned the AA(mex) rating and HR Ratings assigned a AA+/HR1 rating to the bond issuance.

The order book was oversubscribed by more than three times, which demonstrates strong support for Betterware?s strategy. Betterware expects that the proceeds of the issuance would be used for general corporate purposes, including the prepayment of long-term debt, additional investments in Campus Betterware and other initiatives with positive environmental and social impacts.

Grupo Burstil Mexicano S.A. de C.V. (GBM) served as Lead underwriter. Grupo Burstil Mexicano S.A. de C.V. (GBM) and Casa de Bolsa BBVA Bancomer S.A. de C.V. (BBVA) served as joint bookrunners for the Bond Issuance.

AboutBetterware de Mxico, S.A.B. de C.V.Founded in 1995, Betterware de Mexico is a leading direct-to-consumer selling company in Mexico. The Company has delivered consistent revenue growth as evidenced by its compound annual growth rate ("CAGR") of 25% from 2003-2020 with even stronger revenue growth in the last 5 years, which has accelerated to a CAGR of 57%. Focused on the home organization and solutions segment, Betterware's wide product portfolio includes home organization, kitchen, commuting, laundry and cleaning, as well as other categories.

Supported by its three strategic pillars, Product Innovation, Business Intelligence and Technology, Betterware has been able to achieve sustainable double-digit growth rates by successfully expanding its market penetration.

Its state-of-the-art infrastructure allows it to safely and timely deliver its products to every part of the country, backed by the strategic location of its distribution center.

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SOURCE Betterware de Mxico, S.A.B. de C.V.