Mexican IG duo tap as bankers expect repeat issuers

Mexico, decorations, LatAm, 575
By Oliver West
25 Jun 2020

Two of Mexico’s best-rated issuers eased through bond markets this week, even as the country faces ever-worsening economic forecasts, while bankers said Latin America’s top names could issue multiple times this year.

Kimberly Clark de Mexico (KCM), the Mexican arm of the US personal care products producer, notched $500m of BBB+/A rated 10 year paper on Wednesday in its first deal for five years. It followed Mexican conglomerate Fomento Económico Mexicano (Femsa), which sold its third deal of ...

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