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Fomento Economico Mexicano SAB de CV (FMSAUBD.MX)

FMSAUBD.MX on Mexico Stock Exchange

166.05MXN
17 Nov 2017
Change (% chg)

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$166.05
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Avg. Vol
2,325,715
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$183.00
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$150.11

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

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Femsa sees Mexico inflation hitting consumption in fourth quarter, 2018

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.