Mexican Telecom Readies Jumbo Rollover

Mexican Telecom Readies Jumbo Rollover

Loans

Mexico-based Telmex is heard in talks with banks to address a $1.3bn August loan maturity. The facility, which was signed in 2006, includes this year’s maturity which has a margin of Libor plus 20.0bp, a $1bn 2011 at Libor plus 25.0bp and a $700m 2013 tranche at 32.5bp. The deal was led by ABN AMRO, BBVA, Calyon, Citi and HSBC. Bankers in the lead group say the company may be considering refinancing at a tenor as short as 1-year. They add that Telmex may also pursue a cheaper, longer-term ex

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