Mexican copper miner withdraws $205m of the 2018 bonds, leaving roughly $11.8m outstanding
Tag: Cobre del Mayo
Posted inDaily Brief
Fitch upgrades Cobre del Mayo after debt exchange
The Mexican copper miner does not have to make interest payments on the new notes until copper prices rise to $2.50 per pound
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Cobre del Mayo completes exchange
The Mexican copper miner will issue new notes on Tuesday
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Cobre del Mayo bondholders accept exchange offer
The Mexican copper miner could recover 101% of the principal in the form of deeply subordinated quasi-equity instruments
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Moody’s downgrades Cobre del Mayo
Mexican miner downgraded as liquidity risks grow ahead of November coupon payment