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Axtel Sweetens Buyback Offer

Jan 15, 2013

Mexico’s Axtel has increased its offer to bondholders and extended the early deadline on a tender for its outstanding 7.625% 2017 and 9.000% 2019 bonds. After hearing investor feedback, the telecom is now offering $594.61 per 1,000 principal, up from $550 – comprised of...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management