Femsa plans up to €250 million tap of bonds exchangeable for Heineken

By Wendy Van Sickle

Columbus, Ohio, May 30 – Fomento Economico Mexicano SAB de CV (Femsa) is planning a tap issuance of up to €250 million of its 2.625% bonds due 2026 exchangeable for Heineken Holding NV shares, according to a company news release.

The new bonds will be consolidated and form a single series with the €500 million of exchangeable bonds issued by the company on Feb. 24.

The Regulation S offering is expected to price on Wednesday and close on June 7.

Barclays Bank plc is acting as sole financial adviser to Femsa in respect of the exchangeable offering.

BofA Securities, Goldman Sachs International, JPMorgan and Morgan Stanley are acting as active joint bookrunners.

Proceeds will be used for general corporate purposes.

Femsa is a Monterrey, Mexico-based beverage and retail company.

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