Fomento Economico Mexicano SAB de CV (FMSAUBD.MX)
17 Nov 2017
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 Mexican bottler and retailer Fomento Economico Mexicano (Femsa) said on Friday it could see a slowdown in sales in the fourth quarter and in 2018 as high inflation, concerns over trade talks and an upcoming election dampen consumer appetite.