Coca-Cola Femsa sells social bonds

Coca-Cola Femsa sells social bonds

Corporate & Sovereign Strategy Bonds Debt Capital Markets Fixed Income ESG Sustainability Bonds Social Bonds Mexico

Mexican bottling company Coca-Cola Femsa said it sold MXN6 billion ($300 million) worth of social and sustainable bonds in a two-part deal in the local market, according to a press release. “The net resources from these emissions will be used to finance projects focused on the development of the communities in which [the company] has a presence and that respond to their local needs,” Coca-Cola Femsa said. Coca-Cola Femsa priced MXN5.5 billion worth of seven-year social bonds at a fixed rate of 9

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