Kimberly Clark prints “tight” $250m

Kimberly Clark prints “tight” $250m

Bonds

Kimberly Clark Mexico (KCM) sold a 3.8% $250m 10-year bond on Thursday, a transaction that was described as “very tight” by market sources. Bank of America Merrill Lynch and Citi priced the note at 105bp over US Treasuries, in from initial price thoughts of 130bp over. Strong demand was heard to push in the pricing, after the borrower met investors in the UK and the US earlier this week. Fitch assigned an A rating to the unsecured instrument, which is expected to be used for capex and general co

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