Bimbo prepares new bond program

Bimbo prepares new bond program

Corporate & Sovereign Strategy Bonds Debt Fixed Income Mexico Capital Markets

Mexico's Grupo Bimbo is seeking regulatory approval for a five-year, MXN20 billion ($984 million) bond program, according to a securities filing from Sunday.  Bimbo could issue new notes in pesos, US dollars or other currencies with maturities from one to 30 years, according to the prospectus. Brokerage firm Monex Casa de Bolsa will represent the bondholders, while HSBC will be the placement agent, Bimbo said.  In late March, Bimbo said it would draw on a $2 billion line of credit to repurchase

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