Resort Books US HY Demand

Resort Books US HY Demand

Mexico Bonds

Playa Resorts Holding had amassed about $2.4bn in orders as books closed Monday afternoon ahead of pricing expected today, according to people following the bond transaction. The startup operator of hotels in Mexico, the Dominican Republic and Jamaica has indicated 8.25% price talk for a new $300m 2020 NC3 senior unsecured bond. Orders were said to come from US high-yield investors, as well as some LatAm buyers. Playa is raising funds to acquire 13 resorts, and the bonds are part of a $1.4bn fin

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