Kimberly-Clark Tees Up MXP Bond

Kimberly-Clark de Mexico, a paper and consumer products company, expects to issue up to MXP4bn in a dual tranche 5-year floating and a 10-year fixed rate via Banamex and JPMorgan next week. The bonds are rated AAA on a local scale. Investors expect the 5-year to price at TIIE+35bp and the 10-year at Mbonos+110bp. Proceeds will be used to refinance existing debt and for capex.