Bimbo completes $391 million debt issue

by Josh Sosland
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MEXICO CITY — Grupo Bimbo S.A.B. de C.V. on Feb. 8 said it has completed the sale of 5,000 million peso ($391 million) 6.83% bonds with a 6.5% maturity.

Bimbo said the sale of the Certificados Bursatiles (domestic bonds) was “met with solid demand, exceeding Peso 7,400 million, reflecting the market’s confidence in Group Bimbo and the company’s strong financial profile.” Bimbo plans to use proceeds to refinance existing debt and for general corporate purposes.

Lead managers for the transaction were HSBC, Casa de Bolsa; ING, Casa de Bola; and Inversora Bursatile, Casa de Bolsa.

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