America Movil has again moved to sell down its stake in KPN by issuing convertible bonds which can be switched for shares in the Dutch telco at a later date.
The Mexican behemoth has completed a €3bn (US$3.3bn) placement of five-year bonds that will…
America Movil has again moved to sell down its stake in KPN by issuing convertible bonds which can be switched for shares in the Dutch telco at a later date.
The Mexican behemoth has completed a €3bn (US$3.3bn) placement of five-year bonds that will not pay interest, but be exchangeable at a price of 45% above the volume-weighted average price of the KPN shares on 20 May 2015, which will be announced in due course.
Deutsche Bank is acting as sole global coordinator.
