May 25, 2021 |
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
Mexican retailer aims to raise $325 mln to pay off debt following the sale of a stake to the US investment firm