April 17, 2019 |
Mexico América Móvil said it has raised $2.25bn from a two-part deal in the dollar bond market, issuing $1bn in 10-year notes and $1.25bn in 30-year notes.
The telecommunications company priced the 3.625% 2029 notes at 99.328 to yield 3.706%, or 115bp over US Treasury notes. It also priced the 4.375% 2049s at 99.437 to yield 4.409%, or 145bp over US Treasury bonds.
Citi and Morgan Stanley led the sale as joint lead bookrunners, while Bank of America and Barclays joined as bookrunners. Citi was
Mexican telecom sets new benchmarks with a two-part bond deal for $2.25bn