Coca-Cola Femsa completes bond buyback

Coca-Cola Femsa completes bond buyback

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Mexico US

Mexican bottling company Coca-Cola Femsa said on Tuesday that it agreed to buy back $502 million in 3.875% 2023 notes as part of a tender offer that expired on January 17. Coca-Cola Femsa offered to pay bondholders $1,075.87 for every $1,000 in principal in a transaction managed by Bank of America, Citi and Goldman Sachs, the same banks that led the company to the cross-border bond market with $1.25 billion worth of new notes earlier this month. Coca-Cola Femsa had $900 million in outstanding 20

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