Latin American giant America Movil has sold €750m (US$981m) in 10-year notes and £300m (US$452m) in 20-year notes raising more than US$1.4bn.
The euro-denominated senior notes have a fixed interest rate of 3.259%, priced at par and mature in 2023….
Latin American giant America Movil has sold €750m (US$981m) in 10-year notes and £300m (US$452m) in 20-year notes raising more than US$1.4bn.
The euro-denominated senior notes have a fixed interest rate of 3.259%, priced at par and mature in 2023. Citigroup and Credit Suisse were joint bookrunning managers and AMX anticipated ratings of A2, A- and A from Moody’s, S&P and Fitch respectively.
The sterling-denominated senior notes, due 2033, were expected to be assigned the same ratings.
The £300m paper carries a 4.948% coupon and priced at par, 170 basis points above benchmark gilts. Credit Suisse worked on this issue as joint bookrunning manager as well, this time alongside Santander.
The sterling notes were initially marketed at £500m before being dropped down to £300m, according to a Bloomberg report citing a person familiar with the transaction.
Both offerings are set to close on 22 July and will be listed on the Euro MTF Market operated by the Luxembourg Stock Exchange.
The Mexican incumbent last visited the European debt markets in July 2012. It sold €1bn (US$1.27bn) in 3% nine-year paper and £750m (US$1.18bn) 4.375% notes due 2041 in transactions arranged by Deutsche Bank, and HSBC which only worked on euro offering.
