Coca-Cola Femsa is seeking to raise around $426.1 million in peso bond sale, Bloomberg reports. The fixed-rate notes to be sold by the Latin American soft-drink bottler will mature in 2021 and floating-rate bonds will be due in 2016.
The company will sell the securities by the end of April 2011. Coke Femsa will use the proceeds from the bond offerings to repay debt maturing in 2012 and boost cash reserves.
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