Total Play makes market entry to encourage Mex HY

Mexico, flags, church, telecoms, telco, cables, lines, LatAm, 575
By Oliver West
12 Nov 2020

Latin American bond bankers said that Mexican telecoms company Total Play Comunicaciones’ debut bond issue on Monday — the second Mexican high yield deal since the onset of Covid-19 — was an encouraging sign for other issuers from the country.

After the deteriorating market conditions during the week before the US elections forced B2/BB- rated Total Play to postpone its deal, confidence about a Joe Biden victory and positive news on Pfizer’s Covid-19 vaccine created the ideal stage on Monday. 

Even as the search for yield has driven exceptional ...

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