Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

Bimbo Bond Goes Down a Treat

Jan 19, 2012

Mexican baked goods company Grupo Bimbo achieved its pricing goals Wednesday when it sold an $800m 10-year bond that some argue came virtually flat to its underlying curve after building a book that reached $6bn in size. This comes after the company completed an extensive roadshow deep into US investment-grade territory as it looked to reposition its credit standing and sell itself as a global entity. Its Mexican roots may have loomed large among some investors, who asked why they should buy Bimbo when the country’s state-controlled oil company Pemex was offering 315bp on its new 10-year Tuesday. But overall most...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


  1. Mexico Markets Samurai
  2. Smooth Sailing Ahead?
  3. Banorte Preps MXP Issue
  4. Ahead of the Curve
  5. Axtel Cut by S&P
Follow us


Poll

How much more serious is nationalization risk following YPF and Bolivia's ETE?

View previous results


Popular Searches


"You have to be prepared for an increase in spreads even though you have done nothing. It's a very interrelated world, and that's the way it is."

Azucena Arbeleche, Director of Debt Management, Uruguay


Change font size: Switch to default font size Switch to medium font size Switch to large font size

All material subject to strictly enforced copyright laws. © 2012 Latin American Financial Publications Inc.

Printing isn't available for this page.