CBC funds tender with new 2027 bond

CBC funds tender with new 2027 bond

Andean Central America Caribbean Bonds

Central America Bottling Corporation (CBC) tested fixed income markets yesterday with a 5.75% $500m 2027 cross-border bond sale.  Leads Citi and JPMorgan launched initial price talk (IPTs) in the low 6% area and investors bit down hard as books peaked early at $2.4bn, according to one debt capital markets banker.  One investor deemed the "high 5% area" a sweet spot for the trade and sourced CBC's "good cash flow generation" as a means to buy the notes.  Guatemala's 2026 bonds, trading at 250bp o

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