Local Currency Deal

Local Currency Deal


Tenor Extender The standout transaction for América Móvil, one of the most savvy corporate issuers in the region, was its tenor extending 30-year Europeso issue. The deal almost slipped through the cracks, since it was issued in December 2006, when most borrowers and investors were winding down for year-end. But it was unsurpassed in the period we consider and sets the gold standard for corporates, winning it the LatinFinance award for Best Local Currency Deal. Understood to be the first EM corporate to raise 30-year fixed rate funds in its own currency, the 8 billion peso 2036 scored a number of firsts in a domestic market that continues to develop apace. Besides extending the c

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