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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More