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MEXICO: Coca-Cola FEMSA launches bond

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Coca-Cola FEMSA has announced the placement of a MXN2bn (US$139.4m) bond for use in general corporate purposes.

The company said this week that some of the bond offering, which has a maturity of 13 months, would be used to pay off maturing debt of MXN500m this July. It said the remainder would be used for corporate purposes, including investment expenses and working capital.

Coca-Cola FEMSA is the largest Coca-Cola bottler in Latin America on of the largest drinks bottler's in the world.

Group net profit for the three months to the end of September fell by 35.5% year-on-year to MXN1.25bn (US$91m), due to extra financial costs, it said in October.


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