By Reshmi Basu and Paul A. Harris
New York, Oct. 28 - America Movil SA de CV sold $500 million of bonds due January 2015 (Baa1/BBB-/BBB) Thursday at 99.346 with a 5¾% coupon to yield 5.835%, or 179 basis points over Treasuries, according to a market source.
Proceeds from the sale will be used for capital expenditures.
Citigroup ran the Rule 144A/Regulation S deal, which has registration rights.
America Movil, based in Mexico City, is a mobile telephone company.
| Issuer: | America Movil SA de CV
|
| Amount: | $500 million
|
| Maturity: | Jan. 15, 2015
|
| Coupon: | 5¾%
|
| Issue price: | 99.346
|
| Yield: | 5.835%
|
| Spread: | 179 basis points over Treasuries
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 3
|
| Bookrunner: | Citigroup
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB-
|
| Fitch: BBB
|
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