Femsa bottle pays off with tight 30 year

Tecate, lager, shit lager, light lager, Mexico, beer, Heineken, LatAm, Femsa, Fomento Economico Mexicano
By Oliver West
14 Jan 2020

Fomento Económico Mexicano (Femsa), the Mexican conglomerate, sold $1.5bn of 30 year bonds on Tuesday more than three months after completing a roadshow as DCM bankers said that the decision not to bow to investor demands last year had paid off.

Bank of America, Goldman Sachs and JP Morgan had wrapped up a roadshow with A-/A rated Femsa early in October 2019. 

Funding conditions at the time were constructive, and there was never any doubt that Femsa would have been able to issue had it urgently needed ...

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