FEMSA issues CHF 300 million 5-year senior unsecured bonds in Swiss market
FMX•FEMSA issues Swiss franc bonds
FEMSA issued CHF 300 million of 5-year senior unsecured bonds in the Swiss bond market.
- Pricing was set at 107 basis points over the relevant benchmark rate, implying a 1.73% yield.
- The bonds are to be listed on the SIX Swiss Exchange and are rated BBB+ by S&P Global Ratings and A by Fitch Ratings.
- Proceeds are earmarked for general corporate purposes, targeting a lower cost of debt and improved financial flexibility.
