Cable TV company Televisa has indefinitely postponed a Ps10bn (US$769.2m) fixed-rate 10-year deal after failing to get demand at the price it was targeting. The company is looking at other sources to raise finance including a possible international…
Cable TV company Televisa has indefinitely postponed a Ps10bn (US$769.2m) fixed-rate 10-year deal after failing to get demand at the price it was targeting. The company is looking at other sources to raise finance including a possible international issue.
The company had mandated HSBC and Banco Santander to market the local issue. The money would have been used to rebalance its cash flow position after buying Nextel Mexico for US$1.44bn earlier this year. This would have added to its 30-year bond yielding 6.755% placed in the US last year.
