Maxcom Launches Tender

Maxcom Launches Tender

Mexico Bonds

Maxcom has launched a tender for all of its 11.0% 2014 bonds, it says, a part of the conditions for its sale agreed in December. It is offering holders new 2020 step-up notes in exchange for the 2014s, at a rate of $1,000 per $1,000 principal before a March 5 early date, and $930 per $1,000 after. The offer expires March 20. The 2020 bonds pay 6.0% during the first three years, 7.0% during the next two years and 8.0% during the final two years. There is $200m of the 2014s outstanding. A tender f

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial