February 10, 2020
Mexican bottling company Coca-Cola Femsa said it earned MXN4.28 billion ($228 million) from a two-part deal in the local bond market, raising money for "undefined" corporate purposes.
The company issued MXN3 billion worth of eight-year notes at a fixed rate of 7.35% per year. It also sold MXN1.73 billion worth of 5.5-year notes that priced at the TIIE interbank lending rate plus 0.08%, Coca-Cola Femsa said in a statement.
The deal, arranged by Citibanamex and Scotiabank, was almost four times ov
Mexican bottling company raises $228 mln from a two-part deal in the local bond market