WS Investor
26 Feb 2026, 22:46
AC Bebidas S. de R.L. de C.V. issued MXN 9.5 billion in Mexican corporate bonds, with BBVA México S.A. acting as bookrunner. Proceeds will primarily be used to refinance existing liabilities.
The offering was structured in two tranches and attracted total demand of MXN 17.9 billion, 2.47 times the target amount, marking the largest bond issuance in AC Bebidas’ history. The company holds top-tier local credit ratings of “AAA(mex)” from Fitch Ratings Inc. and “mxAAA” from S&P Global Ratings.
The first tranche (ACBE 26) totaled MXN 3.26 billion, with a three-year tenor at a floating rate referenced to TIIE plus 40 basis points. The second tranche (ACBE 26-2) amounted to MXN 6.24 billion, with a seven-year tenor priced at MBono 33 (8.56%) plus 40 basis points, resulting in a 8.96% coupon. Pricing for both tranches aligned with initial price guidance and drew broad investor participation.
AC Bebidas, a subsidiary of Arca Continental S.A.B. de C.V., is one of the world’s largest Coca-Cola bottlers and operates across Mexico, the U.S., Peru, Ecuador and Argentina.
The offering was structured in two tranches and attracted total demand of MXN 17.9 billion, 2.47 times the target amount, marking the largest bond issuance in AC Bebidas’ history. The company holds top-tier local credit ratings of “AAA(mex)” from Fitch Ratings Inc. and “mxAAA” from S&P Global Ratings.
The first tranche (ACBE 26) totaled MXN 3.26 billion, with a three-year tenor at a floating rate referenced to TIIE plus 40 basis points. The second tranche (ACBE 26-2) amounted to MXN 6.24 billion, with a seven-year tenor priced at MBono 33 (8.56%) plus 40 basis points, resulting in a 8.96% coupon. Pricing for both tranches aligned with initial price guidance and drew broad investor participation.
AC Bebidas, a subsidiary of Arca Continental S.A.B. de C.V., is one of the world’s largest Coca-Cola bottlers and operates across Mexico, the U.S., Peru, Ecuador and Argentina.