Mexican Coppel To Issue 1.5 Billion Debt

The chain of Mexican department stores Coppel plans to issue around 1.5 billion pesos ($142 million) of debt next month as part of a total offering of 3 billion pesos. The company says it will issue five-year floating-rate notes to help finance expansion plans. The issue has been rated AA(mex) by Fitch México and is being arranged by Banamex.