America Movil Secures ECA Funds

America Movil Secures ECA Funds

Bonds Structured Finance

America Movil has wrapped up $1.5bn in ECA financing through Citi to build out its 3G and GSM networks throughout LatAm. Citi says the package includes a €500m loan insured by Finnish ECA Finnvera and 2 facilities insured by Exportkreditnamnden (EKN), the Swedish export credit agency, consisting of a €300m floating rate loan and a $471.5m fixed rate loan through AB Svensk Exportkredit. All 3 loans are long term credits, with final maturity in 2016 or later. In addition, DekaBank Girozentra

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