Mexican Paper Group Readies Bond Debut

Mexico’s Grupo Papelero Scribe will begin a roadshow tomorrow in support of a new high-yield dollar bond, its first under the company’s present structure. The manufacturer of paper products plans to enter a market that has been receptive to Mexican high yield, with a $250m 10-year NC5. Scribe is set to visit investors Wednesday in London, Thursday in New York, Friday in Boston, and Monday on the US west coast. Credit Suisse is sole bookrunner and Morgan Stanley is co-manager. The 144a/Reg S bond is rated Ba3/BB minus.