Kuo Looks to Take out USD Notes

Mexico’s Grupo Kuo has launched a tender offer for any and all of its $250m in 9.75% 2017 bonds, it says. The holdco with activities in the consumer goods, chemical and automotive industries is offering holders $1,053.75 cash per $1,000 principal before the November 30 early deadline, and $1,023.75 per $1,000 after, through the December 14 final deadline. The offer is contingent on obtaining financing. Credit Suisse is managing.