Grupo Elektra S.A., founded in 1950 and headquartered in Mexico City, Mexico, is a leading retail and financial services company that aims to provide a wide range of consumer products and solutions to underserved markets across Latin America. The company operates through various segments, including retail, financial services, and electronics, featuring a comprehensive portfolio of products such as home appliances, furniture, and personal loans.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| EKT 11.97% 2029-11-30 MXNGrupo Elektra S.A. | Mexico | 2029-11-30 | 11.970 | 9.20 |
| EKT 9.35% 2027-05-05 MXNGrupo Elektra S.A. | Mexico | 2027-05-05 | 9.350 | 8.83 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Grupo Elektra has a significant presence in the bond market, first issuing bonds in the 1990s as part of its strategy to enhance capital structure and finance its operations. Notably, in 2021, the company issued $500 million in senior unsecured notes with a yield of 6.875%, which attracted considerable investor interest amidst favorable market conditions. As of October 2023, its bonds are performing competitively within the consumer retail sector, reflecting strong credit metrics and a robust business model, bolstered by strategic initiatives to diversify its service offerings.