May 17, 2022 |
Mexican telecommunications company Totalplay Telecomunicaciones plans to raise up to MXN1 billion ($49.9million) in a two-part deal in the local bond market, according to a report from ratings agency PCR Verum.
Totalplay is expected to price the 2025 bonds with a spread based on the 28-day TIIE interbank lending rate and issue the 2027 bonds with a fixed rate, the rating agency said Friday.
The Mexico City-based telco will use the proceeds to fund investments in its fiber optic network and add t
Mexican telco aims to raise up to $50 mln in a two-part deal in the local market