April 30, 2013
The status of a new bond from Grupo Gayosso remained unclear late Monday, a
The status of a new bond from Grupo Gayosso remained unclear late Monday, according to investors, following the indication of an 8.75%-area yield target. Mexico’s largest funeral services provider finished a roadshow last week, seeking a $150m 2020 bond, according to ratings reports. JPMorgan is managing. Gayosso is rated B/B+, and owned by private equity firm Advent International, which acquired it in 2007 from private investors in a $317m leveraged buyout.