Petrotemex Gets 56% in Tender

Petrotemex Gets 56% in Tender

Mexico Bonds

Mexico’s Petrotemex has received acceptance from holders of $154m, or 56.06%, of its 9.50% 2014 bonds targeted a tender offer, it says. The Mexican petrochemical company’s acceptance rate at the August 10 deadline was only slightly higher than the 55.84% it had at the July 27 early deadline. Petrotemex offered holders $1,100 cash per $1,000 principal amount tendered. Holders who tendered by the early date received an extra $30 per $1,000.The company also obtained consents to amend the indenture

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