Axtel Extends Early Deadline

Axtel Extends Early Deadline

Mexico Bonds

Mexico's Axtel has once again extended the early deadline of its bond exchange offer, it says, to Thursday. Axtel last week received acceptance from a majority of bondholders, satisfying a minimum acceptance condition, following an improvement to the offer's original terms. In the offer expiring January 28, the telecom is targeting its outstanding 7.625% 2017 and 9.000% 2019 bonds. It is offering $594.61 per 1,000 principal - comprised of $500 in senior secured 2020 bonds, $44.61 in peso-denomin

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