Femsa, Volkswagen head to Mexican bond market

Femsa, Volkswagen head to Mexican bond market

Credit Ratings Bonds Debt Funds Mexico Capital Markets Commerce Asset Management

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

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