Buyers flock to LatAm’s lowest yielding issue
Coca-Cola FEMSA, a Mexican company which produces and distributes the global soft drink company’s products in Latin America, took the regional record for lowest yielding issue ever when it sold a 10 year bond at 105bp over US Treasuries on Tuesday.
Operating across Latin America and 31.6% owned by the Coca-Cola Company, the firm appealed particularly to US high grade investors and drew $2.5bn in demand.
The deal showed the potential for strong Latin American issuers said Edgar Madinaveitia, vice president at Bank of America Merrill Lynch in New
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