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Mexico's Credito Real finalizes agreement to end debts with national development bank

·1 min read

MEXICO CITY, Sept 23 (Reuters) - Mexican non-bank lender Credito Real said on Friday it had finalized an agreement in court to end its debts with National Financiera, a development bank.

In a statement to Mexico's main stock exchange, Credito Real said it had reached the agreement with Nafin, as the bank is also known, on Tuesday to "extinguish" Credito Real's debts with the bank.

International bondholders have been considering taking legal action in Mexico to recover their losses from Credito Real's default in February, sources told Reuters. (Reporting by Kylie Madry; Editing by Sandra Maler)