Mexico’s Sigma Files MXP5bn Bond Program

Sigma Alimentos, a Mexican dairy producer, filed with the CNV a 4-year program to issue up to MXP5bn in certificados bursatiles, whose proceeds will go to pay down debt, fund operations and general corporate purposes. Banc of America Securities is the sole lead bank on the filing. In July Sigma acquired Mexican Cheese Producers, a company based in Wisconsin that sells cheese products targeted at Hispanic minorities.