AMX Hybrids Kick Off September DCM Pipeline
America Movil (AMX) got September's new bond issuance rolling with a $2.77bn 60-year hybrid sale in Europe, while investors and bankers note the extent of this month's volume will largely depend upon macro headlines. The Mexican telecom priced GBP550m ($859m) in 2073 NC7 bonds at 99.437 with a 6.375% coupon to yield 6.478%, or mid-swaps plus 410bp, according to wire and local news reports. A EUR900m ($1.18bn) 2073 NC5 priced at 99.463 with a 5.125%...
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