Televisa readies local market bond sale

Televisa readies local market bond sale

Bonds

Televisa is expected to issue a MXN5bn ($383m) bond in Mexico’s local market on April 8, a sale that could be upsized to MXN6bn, LatinFinance understands. The 7-year bond will have a floating interest rate tied to the TIIE, and will be used to refinance debt as well as for general corporate purposes, said sources familiar with the deal. The bond is rated Aaa/AAA/AAA on a local scale. HSBC and Actinver are heard to be managing the transaction. Moody’s assigned a Baa1 global rating to the proposed

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