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Emerging MarketsEM LatAm

TV Azteca misses international bond coupon but prepays local debt

TV Azteca, Mexico, football, LatAm, Grupo Salinas, Ricardo Salinas Pliego, Hugo Gonzalez, 575

TV Azteca, the broadcaster owned by Mexico’s third richest man Ricardo Salinas Pliego, missed a coupon payment on a $400m bond on Tuesday, leaving some concerned about the implications for other Grupo Salinas-controlled bond issuers.

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