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Arca Continental completes successful bond issuance in Mexico

Miniatura Boletin

 

Monterrey, Mexico, January 25, 2024.- Arca Continental, one of the world’s most relevant Coca-Cola bottlers, announced today that it successfully completed the issuance of $6,050 million Mexican pesos in Certificados Bursátiles, or local notes.

 

The issuance consisted of two tranches, one for $3,050 million Mexican pesos with a 10-year term at a fixed rate of 9.66%, and the other for $3,000 million Mexican pesos with a 3-year term at a variable rate equivalent to TIIE plus 10 basis points.

 

In recent years, this transaction registered one of the lowest spreads in the Corporate Mexican market, generating excess demand of 2.5 times the amount placed.

 

Both issuances received Mexico’s highest credit ratings of “AAA.mx” by Moody’s and “AAA(mex)” by Fitch Ratings.

 

“The success of this bond placement, and its outstanding demand, stems from operating a sustainable business model. Today’s outcome confirms the solid financial position of our company and motivates us to continue strengthening our market relations, based on the trust of our diverse shareholder base, to make a positive difference together”, stated Emilio Marcos Charur, Chief Financial Officer of Arca Continental.

 

Through this issuance, among other initiatives, Arca Continental ratifies its commitment to making its financial structure more efficient while strengthening its balance sheet, striving to always be prepared for future investments.

 

About Arca Continental

Arca Continental produces, distributes, and markets beverages under The Coca-Cola Company brand, as well as snacks under the Bokados brand in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States. With an outstanding history spanning more than 97 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America, and one of the largest in the world. Through its Coca-Cola franchise, the company serves more than 128 million people in the Northern and Western regions in Mexico, as well as in Ecuador, Peru, in the Northern region of Argentina, and in the Southwestern United States. Arca Continental is listed on the Mexican Stock Exchange under the ticker “AC.” For more information about Arca Continental, please visit www.arcacontal.com

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