Coca-Cola FEMSA Announces Successful Bond Offering Placement in Mexican Bond Market (KOF)

Coca-Cola FEMSA, S.A.B. de C.V. KOF, the largest public bottler of Coca-Cola products in the world in terms of sales volume, announced the placement of peso-denominated bonds in the Mexican markets. On April 14, 2011, the Company successfully placed two tranches of "Certificados Bursatiles": a 5 year bond for Ps. 2,500 million at a yield of 28-day TIIE plus 13 basis points; and a 10 year bond for Ps. 2,500 million at a fixed rate of 8.27%. Both bonds are guaranteed by Coca-Cola FEMSA's wholly-owned subsidiary Propimex, S.A. de C.V.. The "Certificados Bursatiles" will be issued on Monday, April 18, 2011.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsOfferingsGlobalConsumer StaplesSoft Drinks
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!