Gruma S.A.B. de C.V., founded in 1949 and headquartered in Monterrey, Mexico, is a leading global producer of corn flour and tortilla products. The company specializes in the manufacturing and marketing of a diverse range of corn-based products, serving both retail and wholesale markets across the Americas, Europe, and Asia.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GRUMAB 11.10% 2027-10-07 MXNGruma S.A.B.DE C.V. | Mexico | 2027-10-07 | 11.100 | 12.70 |
| GRUMAB 5.76% 2054-12-09 USDGruma S.A.B.DE C.V. | Mexico | 2054-12-09 | 5.761 | 5.90 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Gruma has a well-established history of bond issuances, first entering the debt markets in the mid-1990s. Notable bond offerings include a $500 million issuance in 2017, aimed at refinancing existing debt and funding growth initiatives. As of October 2023, Gruma's bonds yield around 4.5%, competitive within the food production industry. The bonds carry specific features, such as fixed coupon rates and early redemption options, enhancing their appeal to investors seeking stable income amidst market fluctuations.