Fomento Economico Mexicano SAB de CV announces USD10,000m placement in US dollar bond market.
M2 EQUITYBITES-May 13, 2013-Fomento Economico Mexicano SAB de CV announces USD10,000m placement in US dollar bond market(C)2013 M2 COMMUNICATIONS http://www.m2.com
Beverage company Fomento Economico Mexicano SAB de CV (NYSE:FMX) (BMV:FEMSAUBD) (BMV:FEMSAUB) said on Friday that it has placed two tranches of US Dollar-denominated bonds in the international capital markets.
The company announced the issuance of USD300m in ten year bonds at a yield of ten year Treasuries plus 1.125% . The coupon for the ten year bond represents the lowest ever achieved by a Latin American corporate issuer in the US Dollar bond market.
In addition, the company has issued USD700m in 30 year bonds at a yield of 30-year Treasuries plus 1.45%.
Proceeds will be used by the company for general corporate purposes, improving its cost of debt and significantly extending its maturity profile.
((Comments on this story may be sent to firstname.lastname@example.org)).END.PUB430>PDMay 13, 2013>JNM2 EQUITYBITES.PRICEDATENOT APPLICABLE.DAY
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||May 13, 2013|
|Previous Article:||Royal Dutch Shell plc announces buyback of own shares at GBP23.1607 per share.|
|Next Article:||Questar Corporation reports 6% increase in quarterly dividend.|