Femsa Plans 10s and 30s in Bond Return

Femsa Plans 10s and 30s in Bond Return

Mexico Bonds

Mexico's Femsa is planning to sell up to $1bn in 10-year and 30-year bonds, according to people following the sale, with pricing expected today. Price talk late Monday was said to revolve around UST plus mid-100s – as low as 135bp  – for the shorter tranche and 25bp back of the 10-year for the longer portion. The convenience store operator spent last week meeting investors on three continents and is looking for funds to refinance debt at the holding company level and for general corporate p

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