Famsa extends deadline for bond swap

Famsa extends deadline for bond swap

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Asset Management Funds Mexico

Mexico's Grupo Famsa has given bondholders a few extra days to swap $140 million in 7.25% 2020 notes for new 9.75% 2024 notes, according to a securities filing. The early tender deadline is now November 15, after the original deadline passed on November 8, the Monterrey-based retailer said. Famsa has offered to make an even swap with bondholders who tender their notes by the early deadline. After that, it will exchange $950 in 2024 notes for every $1,000 in 2020 bonds until the final deadline on

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