Azteca puts on a show with increased bond return

TV Studio
By Oliver West
03 Aug 2017

Mexican broadcaster TV Azteca achieved impressive size and pricing and a strong secondary market performance when it sold its first bond in four years this week, brushing off investor concerns about its history and potential low liquidity.

Perhaps the aspect that made certain investors most hesitant was that Azteca opted for a Reg S only structure, apparently due to owner Ricardo Salinas’ past differences with the SEC, according to investors. 

They were worried not only about the consequently smaller buyer base, but also why Salinas has ...

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