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 US

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial