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Emerging MarketsEM LatAm

Idesa extends exchange deadline, blames Covid-19 hit to back offices

Polyethylene, Idesa, PE, chemicals, petrochemicals, Mexico, LatAm, 575

Mexican petrochemicals company Grupo Idesa is giving bondholders more time to participate in a distressed debt exchange, saying that the “current environment” had hindered the ability of the bonds’ "custodians" to tender.

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