AMX Raises Tight Euro Funds
Jul 3, 2012
In keeping with its promise to establish a full Euro curve since its 2010 debut, America Movil (AMX) made its third visit to the European debt market to raise EUR1bn ($1.25bn). In a tightly-priced sale, the Mexican telecom drew nearly 2.5x demand from investors in the continent where it has been focusing on acquisitions in the past month. Following extensive roadshow meetings on its previous two visits, the A2/A/A minus rated telecom skipped marketing efforts this time around – instead holding a global investor call – a...
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