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Mexico’s Femsa issues make-whole redemption notice for 1¾% notes
Chicago, April 23 – Fomento Economico Mexicano SAB de CV delivered a notice of redemption to holders of its 1¾% senior notes due 2023, according to a 6-K filing with the Securities and Exchange Commission.
The redemption date will be May 23.
The notes will be redeemed with a make-whole premium calculated using the Bund rate plus 30 basis points, plus interest.
Funding for the redemption is coming from a newly priced two-tranche offering of €1.2 billion of notes.
Femsa is a Monterrey, Mexico-based Coca-Cola bottler.
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