May 28, 2019 |
Mexico's América Móvil put off a decision to sell new euro-denominated bonds until after a three-day weekend in the United States, sources said.
The telecommunications company, owned by billionaire Carlos Slim, had hired Barclays to arrange meetings with European investors through May 24.
The holiday and reports of rising trade tensions between China and the United States convinced América Móvil to hold off on pricing the bonds, said a banker at the New York branch of a European lender.
Market jitters and a US holiday convince the Mexican telecom to wait