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Investors Dial 2019 for Axtel

Mar 12, 2010

Mexican telecom Axtel has shrugged off a downgrade and taken advantage of the recent LatAm high-yield supply dearth to raise $190m by reopening its 2019. The 9% coupon NC5 bond was tapped at 102.500 to yield...

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We expected another record year, and it ended up slightly different. Market conditions were very challenging. We had windows of opportunity, but they were short and crowded.

Fernando Iunes, executive director for investment banking at Itaú BBA


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