Femsa reopens recent 30-year issue

Femsa reopens recent 30-year issue

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

Mexican multinational beverage and retail group Femsa on Friday tapped its newly issued 30-year notes for an additional $300 million, a source familiar with the details of the deal confirmed. The additional debt was priced at 101.433 to yield 3.423%, or 137.5 basis points over US Treasury bonds, the source said. Settlement is expected for February 12. Femsa opened the initial price talk at around 150 basis points over US Treasury notes, but it narrowed the spread to 140 basis points, plus or min

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