América Móvil returns to dollar market

América Móvil returns to dollar market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Telecoms Mexico US

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 a

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