Senda Launches Consent Solicitation

Mexico’s Grupo Senda Autotransporte has launched a consent solicitation to amend terms on its 10.5% 2015 bonds. Senda wants to loosen a few of the restrictions that limit its ability to take on additional debt, and is offering holders $1.25 for each $1,000 principal amount. The offer expires August 5. JPMorgan is managing. The bus company sold the bonds in a $150m sale in 2007 through Credit Suisse.