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Emerging MarketsEM LatAm

Bimbo brings 30-year amid Treasury sell-off

Grupo Bimbo, bread, LatAm, Mexico, sliced bread, bakery, 575

Mexican food company Grupo Bimbo proceeded with a 30 year bond issue on Wednesday despite a US inflation reading that sent Treasury yields to their widest levels in a month. A strong bid from US investment grade buyers ensured a bumper order book, but some observers were surprised that the issuer had not delayed its deal in the face of a tricky market.

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