24-May-2010 12:45 PM

Mexicana to launch USD250m bond sale in Jun-2010

Mexicana reportedly plans to launch a USD250 million bond sale in Jun-2010 ahead of its initial public offering (IPO) in 2011 in a bid to clean up its balance sheet (Reuters, 21-May-2010).

Mexicana: "The bond sale, which will improve the balance sheet, is the first step in our plan to ... convert Mexicana into a publicly traded company ... by the start of next year." Manuel Borja, CEO of Mexicana.