Published on 3/31/2022 in the Prospect News Emerging Markets Daily.
New Issue: Mexico’s America Movil sells $1 billion 5 3/8% notes due 2032
By Marisa Wong and Cristal Cody
Los Angeles, March 31 – America Movil, SAB de CV sold $1 billion of 5 3/8% notes due April 4, 2032 on Wednesday with a spread of Treasuries plus 302.4 basis points, according to a market source.
Initial price talk was in the 5 5/8% area.
Citigroup, JPMorgan, BBVA, BofA, Barclays and Scotia are the bookrunners.
America Movil is a Mexico City-based telecommunications company.
| Issuer: | America Movil, SAB de CV
|
| Amount: | $1 billion
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| Issue: | Notes
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| Maturity: | April 4, 2032
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| Bookrunners: | Citigroup, JPMorgan, BBVA, BofA, Barclays and Scotia
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| Coupon: | 5 3/8%
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| Spread: | Treasuries plus 302.4 bps
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| Trade date: | March 30
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| Initial price talk: | 5 5/8% area
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