Mexican to Test HY Market

Mexican to Test HY Market

Mexico Bonds

Mexico’s Grupo Idesa is preparing to meet investors ahead of a $300m bond sale, what would be the petrochemical producer’s first cross-border deal. The target would be a 2023 note, according to Fitch, which assigns a BB minus rating. Idesa plans to start Wednesday a roadshow visiting London, New York, Los Angeles and Boston through December 9, according to people following the process. Morgan Stanley, HSBC and Scotiabank are managing. The issuer is seeking funds to refinance $195m of existing de

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