Coca-Cola Femsa Places Stock Certificates for 9.4 Billion Pesos
- In a press release, the company stated that the placement was made at a fixed rate of 7.36 percent for an amount of 6.965 billion pesos with a 7-year term, and stock certificates at a variable rate of TIIE + 0.05 percent for an amount of 2.435 billion pesos with a 5-year term.
Coca-Cola Femsa (KOF) has announced its first issuance of sustainability-linked bonds in the Mexican market, totaling 9.4 billion pesos.
In a statement, the company stated that the placement was made at a fixed rate of 7.36 percent for an amount of 6.965 billion pesos with a 7-year term, and variable-rate bonds at TIIE + 0.05 percent for an amount of 2.435 billion pesos with a 5-year term.
"These sustainability-linked debt issuances reinforce our commitment to refresh our consumers in a sustainable manner, at all times and in all places," said John Santa Maria Otazua, CEO of Coca-Cola Femsa.
"As part of this vision, improving our water efficiency indicator is crucial, and we are proud to support our ambitious goals with public commitments that we believe will help us continue generating social, environmental, and positive industry momentum."
The net proceeds from these issuances will be used for the company's debt refinancing.
