May 5, 2020 |
Mexican telecommunications company América Móvil sold $1 billion worth of 10-year bonds on Monday, almost two weeks after settling a buyback for €1.32 billion ($1.44 billion) in convertible notes.
According to a source involved in the deal, América Móvil priced the new 2.875% 2030 notes priced at 99.853 to yield 2.892%, or 225 basis points over US Treasury bonds. BBVA, Bank of America, BNP Paribas, JPMorgan and Morgan Stanley were the lead underwriters. Settlement is scheduled for May 7.
Mexican telecom prints new 10-year notes almost two weeks after a buyback of $1.4 bln in convertible notes