MEXICO: Coca-Cola FEMSA readies bond sale
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.
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory