América Móvil prices KPN exchangeable bonds

América Móvil prices KPN exchangeable bonds

Bonds Debt Corporate & Sovereign Strategy Fixed Income Mexico Telecoms

Mexican telecommunications company América Móvil said it sold €2.1 billion ($2.56 billion) worth of three-year bonds on Tuesday that can be exchanged for shares in the Dutch telco KPN. América Móvil's Dutch subsidiary priced the zero-coupon bonds at 104.75, below the guidance it set between 105.75 and 107.75, according to a securities filing. The company put the initial exchange price to convert the notes into common shares in KPN at €3.1185, a premium of 15% on the closing share price of €2.71

Already have an account?

Free trial

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

Free Trial