Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Mexican Paper Meets Scissors

Aug 19, 2008

Bonds in Mexican paper and packaging company Corporacion Durango have tumbled into the low 40s – implying a high probability of default – down around 40% since the start of July. Distressed experts are heard positioning in the $520m 10.5% of 2017 – which was sold at par in October 2007 – in the hopes of a snap back or ample recovery if the company defaults....

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


  1. Investors raise concerns on LatAm structured finance
  2. Commodities dip raises LatAm growth fears
  3. Institutional wealth – pension funds: The next generation
  4. Pension funds grapple with investment limits as portfolios swell
  5. Debt investor scorecard: Beating the benchmark
Follow us


Poll

How busy will LatAm global-local currency debt issuance be this year?

Vote    


Popular Searches


"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


Change font size: Switch to default font size Switch to medium font size Switch to large font size

All material is subject to strictly enforced copyright terms & conditions and cannot be repurposed or reproduced. © 2013 Latin American Financial Publications Inc.

Printing isn't available for this page.