Sigma, DF Land Local Bonds

Sigma, DF Land Local Bonds

Economy & Policy

Mexican food producer Sigma Alimentos priced Thursday a MXP1.6bn 2014 bond. A MXP1bn floating-rate tranche was priced at TIIE plus 20bp, and a MXP635m fixed tranche came at 8.75%. Demand for the floating rate tranche exceeded MXP4bn, according to a banker on the deal. The subsidiary of Grupo Alfa plans to use proceeds to refinance short-term debt. Bank of America managed the sale. Also slated to price Thursday was the government of Mexico City. A MXP3.64bn in 20-year fixed and 10-year floating r

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