Herdez, Lala head to local bond market

Herdez, Lala head to local bond market

Bonds Debt Capital Markets Fixed Income Mexico

Mexican food company Grupo Herdez plans to raise MXN3 billion to MXN5 billion, or $136 million to $227 million, to pay off debt by issuing new bonds in the local market, while dairy producer Grupo Lala intends to issue MXN3.5 billion in notes for the same purpose. Herdez has gone a roadshow this week, CFO Gerardo Canavati recently told analysts during an earnings call, as it looks to refinance debt that comes due in the next two years. The company will split the deal into five-year notes at a fl

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial