Gaming Co Preps Bond

Codere Finance has launched a roadshow ahead of a possible $250m, 2019 NC3 bond, with breakfast meetings scheduled in London today and the US roadshow to follow. Credit Suisse, Barclays and Itau are managing. The Spanish-based gambling group with significant LatAm operations is raising funds for the purchase of an additional 35.8% stake in Mexico’s Corporacion Interamericana de Entretenimiento. Codere Mexican Mexican unit agreed in August to buy the stake for MXP2.68bn ($217m). Codere has operated in Mexico for 13 years and also operates in Argentina, Brazil, Colombia, Panama and Uruguay.