Ferromex Secures $385.6 Million through Bond Issuance
Ferromex, the railway division of Grupo México, a prominent industrial conglomerate, has raised 5,500 million pesos (approximately $385.6 million) by issuing a 3.5-year bond on the Mexican Stock Exchange.
The bond, identified as “FERROMEX 25,” will pay an interest rate determined by adding 0.47% to the TIA Interbank Balanced Equilibrium (TIIE) for one business day. This issuance falls under a debt program approved for Ferromex, allowing up to 20,000 million pesos over five years.
The funds from these emissions will be used for refinancing Ferromex’s liabilities, as well as capital working and operating investments. The bonds received ‘AAA’ ratings from Fitch Ratings and S&P Global Ratings, the highest level in investment-grade asset classification for both agencies.
HSBC Casa de Bolsa, Inversora Bursátil (Inbursa) Casa de Bolsa, and Santander served as intermediaries for the issuance, with CIBanco acting as the common representative for bondholders.
Actinver Inaugurates New Financial Center in Mexicali
Corporación Actinver, a financial group with interests in banking, leasing, and investment funds, has opened a new Financial Center in Mexicali, Baja California.
The new center aims to meet the region’s growing demand for wealth accumulation and improved financial health among clients. Located in Punta Este building, Mexicali, this center signifies Actinver’s commitment to serving the northern region.
Fibra Prologis Benefits from Strategic Location and Labor Costs
According to analysts from British bank Barclays, Fibra Prologis holds a competitive advantage due to its favorable geographical location and low labor costs, despite the U.S. government’s trade policies involving tariffs.
Barclays experts also highlight Fibra Prologis’ positive outlook, as the acquisition of Terrafina’s assets is nearing completion. Soon, Fibra Prologis will offer its first real estate portfolio resulting from this acquisition. Additionally, the anticipated completion of the first non-strategic asset sale by year-end is expected to boost sales for clients in the e-commerce sector, which will demand more logistics spaces.
Oreo Celebrates 113 Years with New Marketing Campaign
This year, Oreo marks its 113th anniversary and is preparing to announce a new campaign in Mexico aiming to reconnect with consumers.
As part of Mondelēz Snacking México’s portfolio, Oreo generates $4 billion in global sales and recently launched a campaign suggesting the brand’s departure from the country. However, this appears to be part of Oreo’s marketing strategy led by new Vice President of Marketing, Christian Calabrese, who joined in February.
Key Questions and Answers
- What is Ferromex and why is its bond issuance significant? Ferromex is Grupo México’s railway division. The bond issuance of 5,500 million pesos ($385.6 million) will refinance its liabilities and fund capital working and operating investments, demonstrating the company’s financial strength.
- Why is Actinver’s new Financial Center in Mexicali important? The center addresses the region’s growing demand for wealth accumulation and improved financial health, showcasing Actinver’s commitment to serving the northern Mexican market.
- What advantages does Fibra Prologis have according to Barclays analysts? Barclays analysts highlight Fibra Prologis’ strategic location and low labor costs as key advantages, despite U.S. trade policies involving tariffs. The anticipated acquisition of Terrafina’s assets and the first non-strategic asset sale are expected to boost sales for e-commerce sector clients.
- What is Oreo’s marketing strategy for its 113th anniversary? Oreo plans to launch a new campaign, “¡Hola México!”, led by new Vice President of Marketing, Christian Calabrese. The campaign aims to reconnect with consumers and continue inspiring them.
