CIE Creditor Group Approves Workout: Actinver

CIE Creditor Group Approves Workout: Actinver

Corporate & Sovereign Strategy

Holders of Mexico-based CIE’s 2006 notes due on December 4 have approved a debt restructuring plan, which includes bond and bank-related debt with maturities ranging from December 2009 to December 2011, according local equities research shop Actinver. In exchange for extending tenors, bondholders are heard to be receiving a higher yield, which will settle at around 300bp over TIIE, compared to the previous 179bp, according to the shop and local press reports. In addition, the entertainment compa

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