Mexico’s TV Azteca has raised $300 million in a sale of notes on international markets, The Wall Street Journal reports. The intends to use the proceeds to pay short-term debt and for other purposes.

The demand for the bonds sold by the television broadcaster was more than double the amount sold. The notes carry a coupon rate of 7.75% and are scheduled to mature in 2018.

Click here for the story from The Wall Street Journal.