May 5, 2020
Mexican petrochemical company Idesa postponed the deadline on a proposed bond swap for the third time, giving investors until May 8 to sign up for new 2026 notes.
Bondholders had turned in $192 million in 7.875% 2020 notes, or 64.2% of the outstanding amount, by the previous deadline on May 1. Idesa said in a statement on Monday.
The company announced the initial offer in late March, looking to exchange its 7.875% 2020 notes for up to $303 million worth of 9.375% 2026 bonds. It delayed the deadl
Mexican petrochemical company gives investors another week to swap 2020 notes for 2026 bonds at a higher rate