AMX Becomes First LatAm Dim Sum Issuer

AMX Becomes First LatAm Dim Sum Issuer

Mexico Asia China Bonds

America Movil became LatAm’s first borrower to tap the so-called Dim Sum market Wednesday when it issued a CHN1bn ($160m) 3-year bond. This is expected to be the first of several from the Mexican telecom giant and this year could see other LatAm corporates take a stab at the rapidly growing offshore renminbi-denominated market, bankers say. “We want to establish a more regular presence in this market with funding that can be used to cover our inputs of Chinese goods,” the company’s CFO Carlos Ga

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