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MEXICO CITY, July 31 (Reuters) – Mexican mining company Industrias Peñoles, one of the world’s largest silver producers, said in a statement on Friday that it has completed the placement of international bonds worth $600 million in two issues that were both oversubscribed.

Peñoles said it would use a part of the proceeds to prepay a $300 million loan maturing in 2024, and allocate the rest for corporate purposes.

(Reporting by Daina Beth Solomon and Raul Cortes Fernandez; Editing Anthony Esposito)

Original Article: https://www.nasdaq.com/articles/mexicos-industrias-penoles-says-has-placed-%24600-million-in-international-bonds-2020-07-31

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