By Sarah Lizee
Olympia, Wash., Jan. 16 – Fomento Economico Mexicano, SAB de CV sold $1.5 billion of 30-year senior notes (A-/A), according to a press release.
The notes will bear interest at an annual rate of 130 basis points over the relevant benchmark for a yield of 3.608%.
BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are joint bookrunners.
Proceeds will be used for general corporate purposes.
Femsa is a Monterrey, Mexico-based Coca-Cola bottler.
Issuer: | Fomento Economico Mexicano, SAB de CV
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Issue: | Senior notes
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Amount: | $1.5 billion
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Maturity: | 30 years
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Bookrunners: | BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC
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Coupon: | 130 bps over benchmark to yield 3.608%
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Announcement date: | Jan. 16
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Ratings: | S&P: A-
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| Fitch: A
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