Arca Continental, one of Coca-Cola Mexico bottlers, has successfully completed the issuance of sustainability-linked bonds for an amount in local currency equivalent to approximately 450 million dollars.
The placement was structured in two tranches, a first tranche for the equivalent of 390 million dollars with 8-year term at a fixed rate of 9.85% anually; and a second tranche for the equivalent of nearly 60 million dollars with 3-year term and a variable rate equal to the Interbank Interest Rate plus 10 basis points. The transaction was oversubscribed by 1.55x the amount issued, achieving the “mxAAA” rating from S&P and “AAA(mex)” rating from Fitch Ratings.
The resources obtained will be used for strategic refinancing, with the commitment to integrate an average of 50% recycled PET in the bottles produced by AC Bebidas by year 2030, in accordance with Arca Continental’s Framework for Sustainability-Linked Financing Linked.