Mexican broadcaster TV Azteca will 'soon' make owed bond payments, says Salinas

By Kylie Madry

MEXICO CITY (Reuters) - Mexican magnate Ricardo Salinas on Wednesday said his broadcaster TV Azteca, facing a legal battle over a lack of payment on bonds to international creditors, will "soon" pay the total owed.

"We're going to pay the damn bonds," Salinas, one of Mexico's richest businessmen, told Reuters on the sidelines of an event hosted by the Mexican Entrepreneur Association. "Some day, soon."

He did not give a more detailed timeline.

In November, a U.S. judge dismissed an involuntary bankruptcy suit against the firm after bondholders had filed a petition over some $63 million in missed payments.

Salinas also declined to say when the broadcaster, which was suspended from trading on Mexico's main stock exchange in June after failing to report quarterly results for the first quarter of 2023, would resume publishing its earnings.

In a panel discussion earlier on Wednesday, Salinas also mentioned he had recently been subpoenaed by the U.S. Department of Justice, though he declined to give more detail when asked.

Court documents show a U.S. judge granted a request for discovery earlier this month into Salinas' alleged role in transactions by executives at digital currency exchange Uphold.

(Reporting by Kylie Madry; Editing by Sonali Paul)