Bond Investors Fear Vitro Precedent

Bond Investors Fear Vitro Precedent

Mexico Bonds Corporate & Sovereign Strategy

As DCM markets hope for a pickup in issuance next week, there is a concern that Vitro’s recently concluded restructuring could carry broad implications for Mexican high-yield issuers planning to raise money abroad. Through the unpopular move was approved by courts at the beginning of the month, investors say they are keeping a close eye on other companies that have recently struggled under the weight of heavy debt loads. “What Vitro is doing really puts Mexican companies in a very negative light

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