TV Azteca misses international bond coupon but prepays local debt

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TV Azteca misses international bond coupon but prepays local debt

Oliver West
February 11, 2021 04:15 AM
TV Azteca, Mexico, football, LatAm, Grupo Salinas, Ricardo Salinas Pliego, Hugo Gonzalez, 575
September 11, 2018: Mexico goalkeeper, Hugo Gonzalez (1), during the post game interview with TV Azteca, after the International Friendly match between Mexico and USA at Nissan Stadium in Nashville, TN. The US National team defeated Mexico, 1-0. Kevin Langley/(Photo by Kevin Langley/CSM/Sipa USA) | Cal Sport Media/SIPA USA/PA Images

TV Azteca, the broadcaster owned by Mexico’s third richest man Ricardo Salinas Pliego, missed a coupon payment on a $400m bond on Tuesday, leaving some concerned about the implications for other Grupo Salinas-controlled bond issuers.

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Oliver West
US Bureau Chief - Latin America Editor
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