June 28, 2013
Having over the years issued a variety of bonds in a number of markets globally, América Móvil is no stranger to accolades for its borrowing.
In the past year, it has sold dollar and sterling deals, as well as one of LatAm’s largest-ever Swiss franc-denominated transactions. The standout, though, was an innovative new global-local security that offers corporates the same ease of execution afforded the Mexican sovereign.
The bonds, dubbed Títulos de Crédito Extranjero, are sold seamlessly to both foreign and Mexican investors without the need for a depository note. The instrument, which has already been replicated by another Mexican borrower, marks out América Móvil as the Latin American
Unfraid to push the boundaries, América Móvil landed yet another first with a much-lauded global-local security