AMX Returns to CHF Market

AMX Returns to CHF Market

Mexico Europe Bonds

America Movil has returned to the bond market to raise CHF250m ($255m), following up recent sterling and dollar issuance with a tap of the Swiss buyside. The 2018 bond represents the Mexican telecom’s third-ever CHF issuance, and priced at 99.942 with a 1.125% coupon to yield 1.135%, or mid-swaps plus 68bp. “Our intent is to develop sound investor bases for our name in different markets. That requires regular issuance and the provision of new liquidity,” CFO Carlos Garcia Moreno tells LatinFinan

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