Ferromex raises 5.5 billion pesos

Ferromex, the railroad subsidiary of the industrial conglomerate Grupo México, raised 5.5 billion pesos (385.6 million dollars) with the sale of a 3.5-year bond on the Mexican Stock Exchange.

The company said the bond, ticker symbol "FERROMEX 25," will pay an interest rate determined by adding 0.47% to the Interbank Equilibrium Interest Rate (TIIE) for funding on one banking business day.

The bond was issued under a debt program approved for the company for up to 20 billion pesos, authorized for five years.

The proceeds from the issues will be used to refinance Ferromex's liabilities, as well as for working capital and operating capital investments.

The bonds received 'AAA' ratings from Fitch Ratings and S&P Global Ratings, the highest level of investment-grade asset classification from both agencies.

The intermediaries for the issue were HSBC Casa de Bolsa, Inversora Bursátil (Inbursa) Casa de Bolsa, and Casa de Bolsa Santander, while CIBanco will be the common representative of the bondholders.

Actinver Corporation, a financial group with operations in the banking, leasing, and investment fund sectors, opened a new Financial Center in the city of Mexicali, Baja California.

The company also said that the opening of this location responds to the region's demands from clients to grow their assets and enjoy greater financial health.

Actinver's new financial center in Mexicali is located in the Punta Este building in that northern city.

Analysts at British bank Barclays said Fibra Prologis has a competitive advantage in terms of geographic location and low labor costs, despite the U.S. government's tariff trade policies.

Bank experts said Fibra Prologis also has good prospects, as the purchase of Terrafina's assets is close to closing.

For that reason, they say the company will soon offer its first real estate portfolio resulting from this acquisition.

What's more, they will likely complete their first sale of assets that aren't aligned with their strategy by the end of the year.

Barclays added that the real estate trust expects to gain a boost in sales from its e-commerce clients, who will demand more logistics space.

This year , Oreo celebrates its 113th birthday and in Mexico, it is about to announce a new campaign that seeks to reconnect with consumers.

The brand that is part of the Mondelēz Snacking Mexico portfolio, sells 4 billion dollars globally and more recently launched a campaign in which it announces that it is leaving the country, but everything seems to be part of a marketing strategy.

This year, the brand seeks to continue inspiring everyone with ¡Hola México!, the brand's first campaign led by the company's new Vice President of Marketing, Christian Calabrese, who joined in February of this year.