Alsea sets sights on bond debut

Alsea sets sights on bond debut

Corporate & Sovereign Strategy Bonds Debt Fixed Income Mexico Capital Markets

Mexican restaurant operator Alsea expects to make its international bond market debut next week with up to $500 million in four-year notes, a source involved in the deal told LatinFinance. Alsea has hired BBVA, Bank of America, Santander and Scotiabank as joint bookrunners and began calling investors on Tuesday, the source said. The company plans to use the proceeds to pay off short-term bank debt. Fitch Ratings gave Alsea a first-time rating of BB- on Monday, saying the company is in a "solid p

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