Claro dials up bond deal in Brazil

Claro dials up bond deal in Brazil

Debenture Capital Markets Debt Fixed Income Telecoms Brazil Mexico

Claro, the Brazilian subsidiary of the Mexican telecommunications company América Móvil, has issued BRL1bn ($244m) in debentures in the local market, according to the capital markets association Anbima.

Itaú BBA coordinated the deal for the mobile phone company and priced the three-year notes at 106.5% of the DI interbank lending rate. Bradesco was the agent bank and Pentágono was the trustee, according to Anbima.

Claro sold BRL1.1bn in three-year debentures at 104% of the DI in March last year, led by Itaú BBA. It also issued BRL1.5bn in three-year debentures at 102.9% of the DI in October 2017, arranged by Bradesco.


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