Idesa asks again for more time

Idesa asks again for more time

Asset Management Bonds Debt Capital Markets Fixed Income Funds Mexico Latin America US

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial