Axtel Sweetens Buyback Offer

Axtel Sweetens Buyback Offer

Mexico Bonds

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 $500m in senior secured 2020 bonds, $44.61 in peso-denominated dollar-indexed 2020s and $50 cash, it says. Holders accepting before a January 18 early deadline – pushed back from January 11 – get an extra $116 per $1,000, up from

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