The funds obtained from this issue will be used for the partial payment of the share certificate with code kof 03-6 due on July 10, 2009.
Coca Cola Femsa, the most important bottler in Mexico, informed the Mexican Stock Exchange (BMV) that on January 28 it placed a bond in the capital market in the amount of 2 billion pesos.
The company “successfully” placed a 2 billion peso share certificate with a maturity of 1 year and 1 month, with a coupon rate of TIIE (Equilibrium Interbank Interest Rate) of 28 days plus 0.60 (zero point sixty) percentage points and yield to maturity TIIE plus 0.80 (zero point eighty) percentage points, with an issue date of January 29, 2009.
The funds obtained from this issue will be used for the partial payment of share certificates with the designation kof 03-6 due on July 10, 2009 in the amount of 500 million pesos and calculating a fixed interest rate of 9.9% (nine point nine percent) per annum, according to El Universal newspaper.
The rest will be allocated by the company for general corporate needs, including capital expenditure and working capital.
Coca-Cola Femsa is the largest bottler of Coca-Cola products in Latin America and the second largest in the world in terms of sales volume.