Mexico Opens debt-for-Equity Auction: Bidding has opened...
From Times Staff and Wire Service Reports
Mexico Opens debt-for-Equity Auction: Bidding has opened and offers will be accepted through July 9, with results announced by July 23. The Mexican government will exchange up to $1 billion in commercial bank debt for investments in state-owned companies that the government wants to sell or in privately financed projects to build roads, ports or bridges. Bids will be for discounts on the face value of the debt.
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