AMX Pushes Sterling Limits, Retaps USD

Jul 31, 2012

America Movil (AMX) continues to fuel up on debt at attractive levels, raising $1.92bn through a GBP-denominated sale and reopening of the 10 and 30-year bonds sold earlier this month. The Mexican telecom raised GBP750m ($1.17bn) in 2041 bonds, pricing through its dollar curve and offering the region’s longest and largest sterling issuance to date. Gathering funds as it plots expansion in Europe, AMX took advantage of attractive issuing conditions to build a...

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