Coca-Cola FEMSA is to sell around MXN5bn of bonds

Coca-Cola FEMSA is to sell around MXN5bn of bonds

Latin bottler Coca-Cola FEMSA is to sell around MXN5bn (US$422m) of bonds, Standard & Poor's said in a statement.

The financial services firm gave an mxAAA rating to the proposed bonds, which have a guarantee at the company's Mexican unit, Standard & Poor's said.

Last month, the firm, together with stakeholder The Coca-Cola Co, acquired Panama-based dairy and juice company Grupo Industrias Lacteas for an undisclosed sum.