America Movil plans Yen, peso funding increase

America Movil plans Yen, peso funding increase

Bonds

America Movil is seeking to increase its funding in Yen and pesos, chief financial officer Carlos Garcia Moreno has told LatinFinance. Yen borrowing “should be more than 5%” of total funding within the next five years — from being “practically non-existent” in the firm’s funding mix today, he said. That would imply Yen issuance of an equivalent of around $2bn over the next five years, assuming the firm’s total debt remains around $38bn, he said. “From a strategic perspective that’s one of the th

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