MEXICO: Coca-Cola FEMSA completes US$2.15bn notes issue
The group has placed US$2.15bn worth of notes
Coca-Cola FEMSA, the world's largest Coca-Cola bottler, has completed the placement of US$2.15bn worth of senior notes, in three tranches, in the international capital markets.
The Mexico City-headquarted firm, a subsidiary of beverage group FEMSA, said yesterday (19 November) that it has sold $1bn worth of five-year bonds, with a coupon of 2.375%; $750m of 10-year bonds at 3.875% and $400m of 30-year bonds at 5.25%. “The transaction was multiple times oversubscribed with broad participation from investment grade dedicated investors,” the company said in a statement.
Last month, the bottler reported a drop in nine-month net profits.
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