Fomento Economico Mexicano SAB de CV (FMX.N)
Latest Key Developments (Source: Significant Developments)
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
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.