América Móvil offers new notes in euros

América Móvil offers new notes in euros

Corporate & Sovereign Strategy Bonds Debt Fixed Income Mexico Telecoms

Mexican telecommunications company América Móvil offered on Tuesday €2.2 billion ($2.67 billion) worth of three-year, zero-coupon convertible notes through its subsidiary in the Netherlands, according to a securities filing.  The notes will not pay out interest, but will price between 105.75 and 107.75 of their face value and yield between 1.85% and 2.46%, América Móvil said. The bonds can be converted into ordinary shares in Dutch telco KPN at a premium of 15% to 20% over the closing price on F

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