October 9, 2012
Mexico’s Premium Restaurant Brands is scheduled to price today MXP500m ($38
Mexico’s Premium Restaurant Brands is scheduled to price today MXP500m ($38m) in domestic 2015 bonds, according to a person familiar with the sale. Price talk for the floating-rate bond, which comes with a 60% partial guarantee from Scotia, is TIIE+250bp-300bp. Scotia is managing the transaction, rated A+ on a national scale. The fast food retailer is a unit of Yum International with 500 restaurant locations within 31 Mexican states.