Mexichem Launches Tender

Mexichem Launches Tender

Mexico Bonds

Mexichem has launched a cash tender offer targeting its $350m outstanding in 8.750% 2019 bonds, it says, ahead of what is expected to be a $1bn sale of new 2022 and 2042 bonds this week. The chemicals producer is scheduled to meet today and Tuesday with investors in London, New York, Los Angeles and Boston. The issuer plans a $700m 2022 bond and $300m 2042 bond, according to rating agency reports assigning Ba1/BBB minus/BBB minus ratings to the proposed deal. In the tender, Mexichem is offering

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