September 28, 2021
Mexican liquor producer Becle plans to sell up to $800 million worth of bonds in the international market, while Costa Rica's state-owned electric utility company Instituto Costarricense de Electricidad (ICE) expects to raise as much as $350 million, according to ratings reports on Monday.
Becle will issue 10-year notes to pay off short-term bank loans, refinance its 2025 bonds and cover general corporate purposes, Fitch Ratings said. Fitch gave the new bonds a BBB+ rating, in line with the long
Mexican distiller goes for $800 mln as Costa Rica's state-owned utility aims to raise $350 mln