Mexichem to Meet Bond Investors

Mexichem is preparing to meet investors ahead of a possible debt sale, according to people following the process. The Mexican chemical producer is scheduled to meet investors Monday and Tuesday in London, New York, Los Angeles and Boston, with a 144a/RegS deal potentially following. Citi, HSBC, JPMorgan and Morgan Stanley are managing. Mexichem is rated Ba1/BBB minus. Coming off of this year’s acquisition of Dutch pipemaker Wavin, it had previously indicated plans to raise up to $1bn from the bond market and up to $1bn from the equity markets. The same quartet of banks is handling the equity follow-on, which has been filed in Mexico and awaits launch.