Teksid says would pay coupon after Nemak sale

Newswire

LONDON, Feb 27 (Reuters) - Advisors to the bondholders of Teksid Aluminum will recommend creditors consent to the sale of some of the company's assets to Mexico's Tenedora Nemak SA de CV, the Italian company said on Tuesday. Teksid, which makes aluminium engine castings, said it would use the proceeds from the sale to make a coupon payment on its 11.375 percent 2011 bonds that it missed on Jan. 15, plus interest on that payment. In a statement, it said this would amount to approximately ...

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