Mexican Miner Sets Targets

Mexican Miner Sets Targets

Mexico Bonds

Several issuers in LatAm are preparing to test high-yield appetite, with Mexico’s Cobre del Mayo (CDM) targeting sub-11% pricing for a $200m-$250m bond with a likely 5-year tenor, executive chairman John Detmold tells LatinFinance. The B3/B Mexican mining company is scheduled to start a roadshow today for what would be its international bond market debut. CDM would refinance most of its total debt of $210m with the proceeds, pushing out the maturity profile to 2019. It also has a $100m undrawn u

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