April 5, 2022 |
Mexican bottling company Arca Continental could issue local bonds to fund part its MXN12 billion ($605 million) investment plan for this year, a company source told LatinFinance on Monday.
"I don't want to guarantee anything because market conditions remain to be seen in the end, but it could be a combination of cash and bond issues," the source said.
If Arca does go to the bond market, it plans to do so before interest rates rise too high "because we are seeing rates start to go up," the source
Mexican bottling company could raise debt to fund part of its $605 mln investment plan this year, source says