Televisa says plans on issuing US$1.2 bln in bonds

The Mexican broadcaster said it was planning on issuing up to US$1.2 billion in long-term bonds in the coming 90 days.

(Photo: Archive/El Universal)
English 17/11/2015 17:03 Reuters Actualizada 17:03
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Mexican broadcaster Grupo Televisa on Tuesday said it was planning on issuing up to US$1.2 billion in long-term bonds in the coming 90 days if market conditions permit.

Televisa said in a statement to the Mexican stock exchange that it would use proceeds of the debt sale to fund capital expenditures for its cable TV and telecommunications businesses.

 

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