Grupo Axo prepares bond sale after BlackRock investment

Grupo Axo prepares bond sale after BlackRock investment

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Mexican retailer Grupo Axo could price up to $325 million in cross-border bonds as early as Thursday this week, raising money to refinance debt after recently selling a stake to US investment firm BlackRock, a source involved in the deal told LatinFinance. The Mexico City-based company has hired four banks – Bank of America, BBVA, HSBC and Morgan Stanley – as joint bookrunners for the new five-year notes under Rule 144A/Reg S, the source said. Grupo Axo and the bookrunners started calling invest

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