Alestra on Deck to Price

Mexico’s Alestra has indicated guidance for its new 2014 bond in the 12% area yield, according to investors, and the deal will be priced as soon as today. The order book was heard at north of $600m late Tuesday, investors say, adding that the issue could be increased to $250m from $200m. The B+/BB minus deal is part of a two part transaction to roll over some $200m in debt due next year. The telecom jointly owned by Grupo Alfa and AT&T is also running an offer expiring Friday to buy back $193m in 8% 2010 amortizing bonds. Citi is leading with Morgan Stanley as joint bookrunner.