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

CORPORATE HIGH-GRADE BOND: Femsa $1 bn 2023/2043

Jan 17, 2014

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...

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

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote    




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

Jan Dehn, Ashmore Investment Management