Bimbo sells bonds to refinance loans

by Eric Schroeder
Share This:

MEXICO CITY — Grupo Bimbo S.A.B. de C.V. said it has placed 10 billion pesos ($732 million) in the local debt market to refinance existing loans, including the bridge loan obtained for its January 2009 acquisition of the U.S. fresh bakery business of Weston Foods, Inc. The public offering consisted of three issuances, including 5 billion pesos of five-year floating-rate debt; 2 billion pesos of seven-year fixed-rate debt; and 3 billion pesos of seven-year inflation-indexed notes.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.