Steelmaker assesses market return

Steelmaker assesses market return

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico

Altos Hornos de Mexico (AHMSA) is analyzing a $750m trade in the cross-border bond market, sources have said. The Mexican steel maker is looking to refinance maturing debt and pay for future capex requirements, one buyside source said. AHMSA was likely to print bonds last month, but held off after the sell-off in US Treasuries. To avoid volatility, the company is due to test the market before Mexico's presidential election on July 1. If not, the company will likely pay a higher premium for refin

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