Femsa sells 30-year notes

Femsa sells 30-year notes

Bonds Debt Capital Markets Fixed Income Mexico US

Mexican multinational beverage and retail group Femsa issued on Monday $1.5 billion worth of 30-year bonds, raising money for general corporate purposes, sources told LatinFinance.  The company priced the 3.5% 2050 bonds at 98.031 to yield 3.608%, or 130 basis points over US Treasury notes, said a source involved in the deal. Femsa expects to settle the notes on January 16. Femsa opened the initial price talk at 150 basis points, but it narrowed the spread to 135 basis points, plus or minus five

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