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General

Telesites seeks MXN 2.5 billion from bond issue

Friday 19 February 2016 | 08:49 CET | News
Mexico's largest telecom tower owner Telesites is planning to raise MXN 2.5 billion (USD 132.4 million) with the second re-opening of its 10-year bond, originally placed at the end of July 2015, reports El Economista. The reopening is the fifth transaction by the company, also known as Opsimex in the Mexican debt market since its inception last year. During the original sale of the bond, the company collected MXN 3.5 billion in August last year. The original bond and the two tranches expire on 23 July 2025 and pay an annual fixed interest of 7.97 percent.

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Categories: General
Companies: Telesites
Countries: Mexico
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