Becle, ICE set up dollar bond sales

Becle, ICE set up dollar bond sales

Bonds Debt Fixed Income Capital Markets Energy Electricity Mexico Costa Rica Central America United States

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

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