Corporate High-Grade Bond of the Year

Corporate High-Grade Bond of the Year

Mexico Bonds Corporate & Sovereign Strategy

Femsa €1bn bond Mexican beverage and retail company Femsa is a regular issuer in the cross-border bond market, and this year it took its first leap into the euro bond market, tapping a new investor base with a €1 billion note. Femsa faced stiff competition for this award from América Móvil. The Mexican telco was the first Latin American corporate since June 2015 to issue in euros. However, Femsa's deal represented the company's debut in euros and garnered the lowest-ever coupon for a seven-year euro trade from a Latin American corporate issuer. Investor appetite for emerging market debt, in particular from LatAm, was high throughout most of 2016. But Femsa was nonetheless strategic in its

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial