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Mexico's Grupo Bimbo launches $800 million notes due 2022 to yield Treasuries plus 270 bps
By Christine Van Dusen
Atlanta, Jan. 18 - Mexico's Grupo Bimbo SAB de CV launched an $800 million offering of notes due 2022 (Baa2//BBB) to yield Treasuries plus 270 basis points, a market source said.
BBVA, Citigroup and Santander are the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for debt refinancing and general corporate purposes.
Grupo Bimbo is a Mexico City-based bakery and food company.
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