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Coca-Cola Femsa SAB de CV Places USD2.15 Billion of Senior Notes in International Capital Markets


Tuesday, 19 Nov 2013 07:50pm EST 

Coca-Cola Femsa SAB de CV announced the placement of three tranches of U.S. dollar-denominated bonds in the international capital markets (the Senior Notes). The Company sold USD1.0 billion of five-year bonds at a yield of US Treasury + 105 basis points, with a coupon of 2.375%; USD750 million of 10-year bonds at a yield of US Treasury + 135 basis points, with a coupon of 3.875%; and USD400 million of 30-year bonds at a yield of US Treasury + 155 basis points, with a coupon of 5.250%. The transaction was multiple times oversubscribed with broad participation from investment grade dedicated investors. This issuance received credit ratings of A2 from Moody's, A- from Standard & Poor's, and A from Fitch Ratings. The proceeds will be used for general corporate purposes, including partial debt refinancing. As a result of this issuance, Coca-Cola FEMSA will increase the average life of its debt maturity profile from 4.1 years to 7.9 years. 

Company Quote

114.31
-0.83 -0.72%
11 Jul 2014