January 21, 2022 |
The Central American Bottling Corporation (CBC) sold $1.1 billion worth of seven-year sustainability-linked bonds (SLBs) on Thursday to fund the buyback of notes that mature in 2027, according to a source close to the deal.
CBC priced the new 5.23% 2029 bonds at 99.266 to yield 5.375%, the source said. It had opened the initial price talk in the mid- to high-5% area before setting guidance at 5.5%, plus or minus 12.5 basis points, and launching at 5.375%, the source added.
Orders peaked at $2.6
Guatemala City-based bottling company issues $1.1 bln in 10-year bonds as it agrees to repurchase $523 mln in 2027 notes