Grupo Bimbo: completes 296 million Euro debt issue

Mexico City / MX. (gb) Grupo Bimbo S.A.B. de C.V. announced the successful completion of a 5’000 million MXN (296 million EUR) Certificados Bursátiles (domestic bond) issuance in the local debt market with a 6,5-year tenor and a fixed rate of 6,83 percent. The transaction was met with solid demand, exceeding 7’400 million MXN (438 million EUR), reflecting the market´s confidence in Grupo Bimbo and the Company´s strong financial profile. Grupo Bimbo intends to use the proceeds from this offering to refinance existing indebtedness and for general corporate purposes. HSBC, Casa de Bolsa; ING, Casa de Bolsa and Inversora Bursátil, Casa de Bolsa were lead managers for the transaction.