Bimbo plans dollar bond return

Bimbo plans dollar bond return


Mexican packaged bread firm Grupo Bimbo is in talks with banks for its first Eurobond sale since 2012, after its $1.7bn acquisition of Canada Bread closed on Friday. Guillermo Quiroz, Bimbo’s chief financial officer, told LatinFinance the firm is looking to take advantage of attractive financial conditions, as it seeks to refinance a $2bn revolving line of credit, due 2019, that it used to fund the acquisition. The firm has drawn $1.5bn of the revolver, and “an important part” of that amount — p

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