September 30, 2013
Kimberly-Clark de Mexico has raised MXP2.5bn ($190m) in domestic bonds, acc
Kimberly-Clark de Mexico has raised MXP2.5bn ($190m) in domestic bonds, according to regulatory documents. The consumer products manufacturer and Kimberly-Clark subsidiary sold MXP750m in 2018 bonds paying the TIIE+15bp and MXP1.75bn in 2023 bonds paying 6.98%. Banamex and Bank of America Merrill Lynch managed the deal, rated AAA on a national scale. Proceeds are destined for refinancing and capital expenditures. It was the issuer's first bond transaction since 2009.