America Movil Nails Down CDB Funds

America Movil Nails Down CDB Funds

Bonds Structured Finance

Major regional mobile telecom America Movil has secured a $1 billion 10-year loan from the China Development Bank (CDB). Pricing is in line with other ECA financing, at slightly above 100bp over Libor, highly competitive versus the volatile bank market. “We likely will have this line closed before end of the month,” America Movil's CFO Carlos García Moreno tells LatinFinance. Proceeds will be used to finance purchases of equipment from China. Huawei is one of the suppliers. Telemar last month go

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial