Totalplay sets up another local bond sale

Totalplay sets up another local bond sale

Bonds Debt Funds Mexico Project & Infrastructure Finance Telecoms

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

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