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Arca Continental Goes for 4.35 Billion Pesos with a Debt Issuance on the Mexican Stock Exchange



The company has the financial flexibility to meet the maturities of its short and long-term debt, according to Fitch Ratings. Moody's risk rating agency also gave the company the highest rating for its bonds.


Arca Continental (AC), the second largest bottler of Coca-Cola brand products in Latin America, returns to the stock market after a year to make a debt placement in order to raise up to 4.35 billion pesos, which it will use to refinance its liabilities.

The issuer expects to place the debt securities on June 8 on the Mexican Stock Exchange (BMV) in two tranches. Through one of the issues it will offer a fixed interest rate and a payment term of up to seven years. The second tranche will have a variable rate and a term of up to four years, as described in a presentation to investors.


Read the full article (in Spanish)