Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b-BMV: KOF/UBL

Coca-Cola FEMSA raises $580 million in Mexican bond sale

· Issued by Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b-

Mexican retailer Coca-Cola FEMSA BMV:KOF/UBL has placed a dual-tranche bond offering in the national market worth 10 billion pesos ($581.73 million), the company said.

  • The company sold 7 billion pesos in 10-year fixed-rate bonds with a coupon of 9.12%.

  • A second tranche of 3 billion pesos was issued with a three-year term at a variable rate.

  • Coca-Cola FEMSA said the proceeds would be used for general corporate purposes, including the refinancing of debt maturities.

  • The issuance had an oversubscription of 3.84 times.

($1 = 17.1900 Mexican pesos)

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