By Susanna Moon
Chicago, April 15 - Coca-Cola Femsa SAB de CV said it placed Ps. 5 billion certificados bursatiles in two tranches with Mexican investors Thursday.
The company priced a five-year bond for Ps. 2.5 billion at a yield of 28-day TIIE plus 13 basis points and a 10-year bond for Ps. 2.5 billion at a fixed rate of 8.27%.
Both bonds are guaranteed by Coca-Cola Femsa's wholly owned subsidiary Propimex, SA de CV.
Settlement will occur on Monday.
Some of the proceeds will be used to redeem the company's Ps. 3 billion KOF 07 certificados bursatiles due March 2012. The rest will be used for general corporate purposes including investment expenses and working capital.
The bottler of Coca-Cola products for Latin American countries is based in Monterrey, Mexico.
| Issuer: | Coca-Cola Femsa SAB de CV
|
| Guarantor: | Propimex, SA de CV
|
| Issue: | Certificados bursatiles
|
| Amount: | Ps. 5 billion
|
| Trade date: | April 14
|
| Settlement date: | April 18
|
|
|
| Tranche 1
|
| Amount: | Ps. 2.5 billion
|
| Coupon: | 28-day TIIE plus 13 bps
|
|
|
| Tranche 2
|
| Amount: | Ps. 2.5 billion
|
| Coupon: | 8.27%
|
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