NKF advises FEMSA on CHF 300m bond issue
Niederer Kraft Frey (NKF) advised Fomento Económico Mexicano (FEMSA), headquartered in Monterrey, Mexico, and listed on the Mexican and New York stock exchanges, in connection with the placement of CHF 300 million in senior unsecured bonds in the Swiss bond market.
Deal details
The bonds carry an annual interest rate of 107 basis points over the relevant benchmark rate, resulting in a yield of 1.73%. Proceeds from the issuance will be directed toward general corporate purposes, with the stated aim of improving FEMSA’s cost of debt and increasing its financial flexibility.
Legal team
The NKF team advising FEMSA was led by transactions Philippe Weber, partner, working alongside Manuel Hirlinger, associate, and Luca Degiorgi, junior associate, both within the firm’s transactions practice.
