Sigma prepaid debt bond
March 9, 2017
Sigma prepaid US$450M bond due in April 2018
Sigma Alimentos, S.A. de C.V. (Sigma), paid in advance its 2018 Senior Notes for a total amount of US$450M. The funds used are from its recent issuance in the european market for 600 million Euros. The security has a 2.625% coupon and a maturity of seven years.
This transaction strengthens Sigma´s financial condition by reducing debt cost from 4.7% to 4.0% and extending debt maturity from 5.7 years to 6.9 years.