Mexican giant America Movil (AMX) has priced Ps7.5bn (US$584m) of senior notes at 105.129%.
The issue carries a coupon of 6.45% and AMX said it offers an annualised yield to maturity rate of 5.76%.
With the offering AMX is re-tapping its oversubscribed…
Mexican giant America Movil (AMX) has priced Ps7.5bn (US$584m) of senior notes at 105.129%.
The issue carries a coupon of 6.45% and AMX said it offers an annualised yield to maturity rate of 5.76%.
With the offering AMX is re-tapping its oversubscribed 2022 bond from last November. The original issue was for Ps15bn (US$1.16bn).
AMX will use the proceeds for general corporate purposes. It expects the notes to be rated A2 by Moody’s, A- by S&P assigned and A by Fitch.
The joint book-running managers for the offering are BBVA, Citigroup, Credit Suisse, Deutsche Bank, HSBC and Morgan Stanley, and the notes will be listed on the Mexican Stock Exchange and the Euro MTF Market of the Luxembourg bourse.
The Carlos Slim-owned telco has monopolies on both mobile and fixed-line telephony in its native Mexico and substantial operations across the Americas. Last year it entered Europe buying up stakes in KPN and Telekom Austria. It has a market capitalisation of Ps1.09tn (US$85.25bn).
