New York, Oct. 9 – Mexico’s Grupo Bimbo SAB de CV priced $600 million of 4% senior notes (Baa2/BBB/BBB) due 2049, according to a company news release.
This issue was originally proposed at $500 million.
The issue was over five times oversubscribed.
BBVA, Citi, JPMorgan, Morgan Stanley and MUFG acted as joint bookrunners.
Proceeds will be used to redeem a portion of the company’s 4 7/8% notes due in June 2020.
Grupo Bimbo is a Mexico City-based bakery and food company.
| Issuer: | Grupo Bimbo SAB de CV
|
| Amount: | $600 million
|
| Maturity: | 2049
|
| Description: | Senior notes
|
| Bookrunners: | BBVA, Citi, JPMorgan, Morgan Stanley and MUFG
|
| Co-manager: | ING
|
| Coupon: | 4%
|
| Pricing date: | Sept. 3
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
