10 November, 2009
Miner Grupo Mexico readies $1.5 bln facility - IFR
MEXICO CITY, Nov 10 (Reuters) - Grupo Mexico is expected to launch a $1.5 billion facility in two tranches soon as it prepares to take control of bankrupt U.S. copper miner Asarco, IFR, a Thomson Reuters company, said on Tuesday.
The facility "is expected to be launched into retail syndication over the next couple of days," IFR said.
Grupo Mexico (GMEXICOB.MX) seeks to place a 3-year tranche at Libor+375 and another 5-year tranche at Libor+425bp. (Reporting by Paul Kilby; Editing by Andrew Hay)
Source: http://www.reuters.com
Miner Grupo Mexico readies $1.5 bln facility - IFR Added: (10.11.2009)
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