AMX Debuts Bond Format to Strong Bid

Nov 29, 2012

America Movil has raised MXP15bn ($1.15bn) in 2022 bonds, adding to its list of capital markets firsts by using a new structure allowing simultaneous participation from domestic and foreign investors. Demand for the securities, known as Titulos de Credito Extranjeros, topped MXP50bn, with 80% coming from foreign investors and 20% from LatAm – allocated mostly to Mexico accounts with participation from Peru, Chile and Brazil. “Below Mbonos+100bp is tight, but the format is new and attractive and there is huge international investor appetite, as...

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