telecommunications company, Teléfonos de México
(Telmex), firmly established itself as a polished, global
issuer when it placed three-quarters of its $1 billion
five-year bond with US high-grade investors in November.
LatinFinance recognizes this benchmark bond as
International Corporate Bond of the Year for placing Telmex in
the high-grade universe, halving its cost of borrowing in the
international markets in just two years, and issuing the
largest Latin American corporate bond in 2003. Alfonso Cerezo,
Telmex's chief financial officer, says, "We had no doubts about
Telmex's ability to qualify as an investment grade company. If
you compare our numbers to any other telecommunications company
in the world, ours are better in all cases."
Telmex is building on financial strength that most US
telcos would die for. Its robust financial health and the
scarcity of its name enabled it to mimic the issuing...
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