Andina Bottles Acquisition Funds

Andina Bottles Acquisition Funds

Chile Bonds

Embotelladora Andina has priced $575m in new bonds, to the tune of about $2.7bn demand, according to people familiar with the transaction. Moving to replace acquisition debt, the BBB/A minus Chilean bottler priced the 2023 at 99.805 with a 5.000% coupon to yield 5.025%, or UST+237.5, at the tight end of 237.5bp-250bp guidance that followed 262.5bp-area talk. The bond reached 100.50-100.75 in the aftermarket, according to investors. Comps included 2023 bonds from Mexico’s Coca-Cola Femsa (A2/A/A

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial