Industrias Penoles SAB de CV announced that it has raised USD 500 million in private offering of international bonds due 2050. The bonds will carry the interest rate of 4.75% per annum and will mature on August 6, 2050. Bonds were sold at a price of 100%. Clearstream Banking S.A., Euroclear Bank acted as depository, while Bank of America Merrill Lynch, JP Morgan acted as book runner for the transaction. Deal Type is Private Placement. Deal Status completed on July 30, 2020.