December 9, 2009
Mexico’s Sigma Alimentos is expected to launch and price a $250m 10-year bo
Mexico’s Sigma Alimentos is expected to launch and price a $250m 10-year bond today. The food products unit of Grupo Alfa gave 350bp area guidance Monday, but was heard still wrapping up investor meetings Tuesday. Pricing Mexican deals is tricky this week, investors note, given the large offer from Cemex expected today, and $250m from Homex sold yesterday. Deutsche Bank and Santander are managing the sale, rated BBB minus. Sigma plans to use proceeds to refinance debt.