September 28, 2022 |
Mexican beverage and retail group Femsa could raise up to MXN10 billion ($491 million) in bonds as Volkswagen's leasing division is expected to issue MXN1.5 billion in the local market, according to reports from rating agencies.
Femsa will likely price five-year bonds at a floating rate and 10-year notes at a fixed rate in a two-part deal, S&P Global Ratings said in a report on Monday. The company plans to use the proceeds for general corporate purposes, S&P added.
S&P assigned the b
Mexican beverage and retail group could raise $491 mln as German carmaker's local leasing division goes for $74 mln