Mexican billionaire Salinas’ telecom bonds soar on exchange deal

Mexican billionaire Salinas’ telecom bonds soar on exchange deal

The Star Online - Business·2024-03-28 08:04

NEW YORK: Bonds from Mexican billionaire Ricardo Salinas’ telecom Total Play Telecomunicaciones soared to the highest in a year, days after the Internet and cable provider launched a debt exchange offer that investors say is a crucial step towards rebuilding its reputation with the market.

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