By Reshmi Basu
New York, Feb. 17 - America Movil SA de CV priced an upsized $1 billion of 30-year 6 3/8% bonds (A3/BBB) at 99.667 to yield 6.40%, or 184 basis points over Treasuries, according to a market source.
The size of the deal was increased from $500 million.
Credit Suisse First Boston managed the sale.
The issuer, based in Mexico City, is Latin America's biggest mobile-telephone company. It is controlled by billionaire Carlos Slim.
| Issuer: | America Movil SA de CV
|
| Amount: | $1 billion
|
| Maturity: | March 1, 2035
|
| Coupon: | 6 3/8%
|
| Issue price: | 99.667
|
| Yield: | 6.40%
|
| Spread: | Treasuries plus 184 basis points
|
| Call option: | Make-whole call at 35 basis points
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 25
|
| Bookrunner: | Credit Suisse First Boston
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
