Femsa announces successful sustainability linked bond issuances in the euro market

Monterrey, mexico, april 28, 2021 (globe newswire) -- fomento econÓmico mexicano, s.a.b. de c.v. (“femsa” or “the company”) (nyse: fmx; bmv: femsaubd) announced the placement of euro-denominated sustainability linked notes in the international capital markets. femsa successfully issued eur €700 million in senior notes due in 2028 bearing interest at an annual rate of 70 basis points over the relevant benchmark for a yield of 0.551%, and eur €500 million in senior notes due in 2033 bearing interest at an annual rate of 88 basis points over the relevant benchmark for a yield of 1.068% (the “notes”). this issuance represents the largest ever sustainability linked bond by a latin american issuer, and it was backed by 196 international institutional investors and was oversubscribed 1.9x times.
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