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Mexico's Axtel issues USD 500 mln bond to refinance debt

Friday 10 November 2017 | 14:51 CET | News

Mexican operator and ICT services provider Axtel has announced the successful issue of USD 500 million in new international bonds expiring in 2024 at a coupon of 6.375 percent. The company said the new funds will be used to refinance debt payments due in 2019.

Axtel last month issued a statement to the Mexican Stock Exchange denying rumours of a potential sale but acknowledging it had hired banks for consultation on sales of non-core assets such as towers. 




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