(Bloomberg) -- Grupo Iusacell SA, Mexico's second- biggest mobile telephone company, said a Mexican bankruptcy court approved a debt workout plan with creditors.
Holders of $350 million of defaulted bonds due in 2006 will receive $175 million of new bonds with a coupon of 10 percent that mature in 2013, the Mexico City-based company said in a statement to Mexico's stock exchange late yesterday.
Read more at Bloomberg Bonds News
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