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KOF taps tight as bonds rally

Jan 14, 2014

Coca-Cola Femsa (KOF) took advantage of a strong market for bonds on Monday to add $350m to its 2023 and 2043 notes at tighter yields than it registered when it initially sold them in November. The A2/A-/A rated Mexican corporate tapped two tranches of a $2.15bn triple-tranche bond. With the $2.5bn transaction, the firm has refinanced the bulk of its international debt...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management