Coca-Cola Femsa SAB de CV
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Consumer Staples : Beverages | Large Cap Blend
Based in Mexico
Company profile

Coca-Cola FEMSA, S.A.B. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. The Company's segments include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Company's equity method investment in Coca-Cola FEMSA Philippines, Inc. The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, dairy and isotonic drinks).

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

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Closing Price
$48.18
Day's Change
0.65 (1.37%)
Bid
--
Ask
--
B/A Size
--
Day's High
48.28
Day's Low
47.17
Volume
(Heavy Day)
Volume:
165,741

10-day average volume:
133,041
165,741

Six major U.S. banks issue the most debt since 2008

10:46 am ET October 26, 2021 (MarketWatch)
Print

Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS) and Wells Fargo & Co. (WFC) have issued $314 billion in bonds in 2021 for the highest tally since 2008, according to Dealogic data cited Tuesday by The Wall Street Journal. That issuance includes multi-billion dollar issuances from Goldman Sachs, Morgan Stanley and Bank of America this month. Dealogic said financial institutions account for more than a third of U.S. investment grade debt in 2021. That's the biggest portion of the overall debt market from major banks "going back to the dawn of the megabank," the WSJ reported. The move has been propelled at least in part by debt ratio requirements set in the wake of the global financial crisis. As deposits at banks have grown, regulations dictate that banks keep a certain share of liabilities in long-term debt as a backstop against any potential jitters in debt markets. Tom Murphy, head of investment grade credit at Columbia Threadneedle Investments, told the WSJ that bank bonds trade at a higher yield relative to industrial company bonds with similar ratings. Murphy said the bank debt generates as much as 0.3% points in yield over industrials, for no more credit risk.

-Steve Gelsi

	

(END) Dow Jones Newswires

October 26, 2021 10:46 ET (14:46 GMT)

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