AMX Continues DCM Reopening Across Atlantic

AMX Continues DCM Reopening Across Atlantic

Mexico Bonds

Another Mexican blue-chip has returned to the bond market, with America Movil (AMX) raising $1.4bn-equivalent in a euro and sterling-denominated sale. The A2/A/A minus telecom added new points to its curve at a small concession, though the GBP300m ($452m) 20-year sterling portion ended up being less than the GBP500m will-not-grow it announced. The tranche was heard with GBP400m in demand, and the euro getting about EUR1.5bn ($1.96bn). The GBP300m 2033 priced at par with a 4.948% coupon to yield

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