CORPORATE HIGH-GRADE BOND: Femsa $1 bn 2023/2043
A record-low yield from a new issuer highlighted the strength of demand for emerging market paper
In a year of unprecedented appetite for emerging market
debt, Latin American corporate borrowers found they could bring
down their costs of funds substantially – and, often,
push them even a little further.
Mexican beverage and convenience store operator Femsa
underscored the strength of that market when it sold a
two-tranche, 10 and 30-year $1 billion bond.
The 10-year o ered the...
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