Bimbo casts net wide in strategic positioning

20 Jan 2012

Three of Latin America’s best-known names kept debt bankers busy this week, with deals that included an $800m transaction from Grupo Bimbo that was more than seven times covered.

The Mexican baked goods firm — the world’s largest since its acquisition last year of Sara Lee’s fresh bakery businesses in the US, Spain and Portugal — took roughly $6bn of orders and was able to price the new 10 year issue flat to its existing curve.

The Baa2/BBB/BBB ...

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