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Fomento Economico Mexicano SAB de CV (FMX.N)

FMX.N on New York Stock Exchange

18 Aug 2017
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$0.67 (+0.67%)
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Latest Key Developments (Source: Significant Developments)

Fomento Economico Mexicano SAB de CV successfully places bonds for 1 bln pesos
Friday, 18 Mar 2016 03:30pm EDT 

Fomento Economico Mexicano SAB de CV:Successfully placed bonds in euros on the international market worth 1 billion Mexican pesos for seven years and spread of 155 basis points with reference to mid-swap, reaching a bond yield of 1.824 pct.Standard & Poor's awarded the issue with A- rating.Fitch Ratings awarded the issue with A rating.To use obtained funds for general corporate purposes and to improve the financing costs for the company.  Full Article

UPDATE 2-Mexico's Femsa Q2 profit falls, dragging down shares

MEXICO CITY, July 25 Shares in Mexican bottler and retailer Fomento Economico Mexicano (Femsa) fell on Tuesday after it reported a drop in quarterly profits, hurt by rising costs.