SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
6-K
REPORT
OF
FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For
the
month of December 2007
.
FOMENTO
ECONÓMICO MEXICANO, S.A.B.
DE
C.V.
(Exact
name of Registrant as specified in its charter)
Mexican
Economic Development, Inc.
(Translation
of Registrant’s name into English)
United
Mexican States
(Jurisdiction
of incorporation or organization)
General
Anaya No. 601 Pte.
Colonia
Bella Vista
Monterrey,
Nuevo León 64410
México
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F x Form
40-F o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as
permitted
by Regulation S-T Rule 101(b)(1): o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as
permitted
by Regulation S-T Rule 101(b)(7): o
Indicate
by check mark whether by furnishing the information contained in
this
Form,
the
registrant is also thereby furnishing the information to the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
o No
x
If
"Yes"
is marked, indicate below the file number assigned to the registrant
in
connection
with Rule 12g3-2(b): 82-_____________
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant
has duly caused this report to be signed on its behalf of the
undersigned,
thereunto duly authorized.
| FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V. | ||
| |
|
|
| By: | /s/ Javier Astaburuauga | |
|
Javier Astaburuauga |
||
| Chief Financial Officer | ||
Date:
December 6, 2007
2
 |
 FEMSA
Announces Successful Issuance in
Mexican Bond Market Monterrey,
Mexico, December 6, 2007— Fomento Económico Mexicano, S.A.B. de
C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced the placement of two
tranches of Mexican Peso denominated bonds in the Mexican capital
markets.
On
December
5, 2007, FEMSA successfully issued Ps. 3,500 million in 6 year
certificados bursátiles
at a rate of 28-day TIIE (“Tasa de Interés Interbancaria de
Equilibrio - Equilibrium Interbank Interest Rate”) minus 0.05%, and
Ps. 2,500 million in 10 year UDI bonds at a rate of Udibono plus
0.56%,
which has been swapped under favorable conditions. The tranches were
4.5
and 2 times oversubscribed, respectively, in spite of challenging
market
conditions.
This
issuance
received local currency credit ratings of AAA from Standard & Poor’s
and Fitch Ratings, and is the second largest placement by a Mexican
corporate in 2007.
The
proceeds
from this issuance will be used entirely to refinance existing loans,
which will improve FEMSA’s cost of debt and significantly extend its
maturity profile.
###
FEMSA
is the
leading beverage company in Latin America. It controls an integrated
beverage platform that comprises Coca-Cola FEMSA, the largest Coca-Cola
bottler in the region; FEMSA Cerveza, one of the leading brewers
in Mexico
and important beer exporter to the United States; and Oxxo, the largest
and fastest growing convenience store chain in Mexico with over 5,200
stores.
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