By Christine Van Dusen
Atlanta, Jan. 19 - Mexico's Grupo Bimbo SAB de CV priced $800 million 4½% notes due Jan. 25, 2022 (expected ratings: Baa2//BBB) at 99.19 to yield Treasuries plus 270 basis points, a market source said.
BBVA, Citigroup and Santander were the bookrunners for the Rule 144A and Regulation S notes, which include a change-of-control put at 100%.
Proceeds will be used for debt refinancing and general corporate purposes.
Grupo Bimbo is a Mexico City-based bakery and food company.
| Issuer: | Grupo Bimbo SAB de CV
|
| Amount: | $800 million
|
| Maturity: | Jan. 25, 2022
|
| Description: | Notes
|
| Bookrunners: | BBVA, Citigroup, Santander
|
| Coupon: | 4½%
|
| Price: | 99.19
|
| Spread: | Treasuries plus 270 bps
|
| Change-of-control put: | 100%
|
| Trade date: | Jan. 19
|
| Settlement date: | Jan. 25
|
| Expected ratings: | Moody's: Baa2
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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