Mexican telco to test appetite for Lat Am debutants

Mexico, flags, church, telecoms, telco, cables, lines, LatAm, 575
By Oliver West
26 Oct 2020

Total Play Telecomunicaciones, the Mexican telecommunications company, is approaching international bond investors for the first time. With some EM investors saying they are ready for a pre-US election lull in bond issuance and mixed fortunes for recent new Latin America deals, it could provide a good test of the state of play in the region’s primary markets.

Barclays, Credit Suisse and Jefferies are global coordinators and bookrunners on Total Play’s proposed senior unsecured deal, which is expected to be rated B2/BB- and have an “intermediate” maturity. 

The company plans to use proceeds to refinance existing debt and fund its expansion plans, according to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial