Femsa Targets Long Bond

Femsa Targets Long Bond

Mexico Bonds

Mexico’s Femsa is preparing to issue a new international bond, of up to $1bn at up to 30 years, according to a report from Fitch ratings, which assigns an A rating. The issuer is raising funds to refinance debt at the holding company level and for general corporate purposes. There had been no announcements as of Wednesday. BBVA, Citi, and Goldman Sachs are heard to be managing the deal. Since the sale of its beer business to Heineken in 2010, most of Femsa’s cash flow comes from the Femsa Comerc

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