Axtel $150 million 10-year notes talked at 11¼% area, pricing Tuesday

By Paul A. Harris

St. Louis, Dec. 8 - Axtel SA's upcoming sale of $150 million of senior notes due 2013 (B2/B) is talked at a yield in the 11¼% area, according to a market source.

The deal is expected to price on Tuesday, the source added.

Credit Suisse First Boston is the bookrunner on the Rule 144A offering.

The notes will be non-callable for five years.

Axtel will use proceeds to refinance debt

The issuer is a CLEC based in San Pedro Garza García, Mexico, using fiber optic, wireless and radio technology.

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