May 31, 2013
Mexico’s Alsea is preparing a MXP2.5bn ($195m) domestic bond, according to
Mexico’s Alsea is preparing a MXP2.5bn ($195m) domestic bond, according to regulatory documents. The restaurant operator plans a 2018 paying a spread to the TIIE benchmark. Pricing is estimated for June 19, according to a person familiar with the process. Alsea is raising funds in order to have a better maturity profile and additional working capital as it expands. Banamex, BBVA and HSBC are managing the sale, rated AA minus on a national scale.