Cultiba Completes Local Debt

Mexico’s Cultiba has raised MXP1.2bn ($92m) in its domestic bond market debut, according to regulatory filings. The beverage company’s 2018 pays TIIE+89bp. It is raising funds for general corporate purposes. Banorte-Ixe, Inbursa, and Santander managed the transaction, rated AA/AA minus on a national scale. The Pepsi bottler formerly known as Embotelladoras Unidas raised MXP3.94bn ($310m) in an equity follow-on in January that largely served as a re-IPO.