América Móvil comes back with $1 bln bond

América Móvil comes back with $1 bln bond

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Telecoms Mexico Latin America United States

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. The com

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