Citi Heard Clinching Cabcorp Bond Mandate

Citi Heard Clinching Cabcorp Bond Mandate

Central America Guatemala Bonds

The Central American Bottling Corporation (Cabcorp) is heard mandating Citi as it looks to raise an expected $150m in the international bond markets. This comes as Moody’s assigns a Ba2 rating for the proposed senior unsecured fixed-rate global note after reviewing a preliminary draft of the legal documentation for the offering. The Guatemala-based anchor bottler for PepsiCo in Central America is controlled by the Castillo family, with Pepsico holding an 18% stake. Pepsico’s involvement is seen

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