By Christine Van Dusen
Atlanta, Oct. 24 - Mexico's America Movil SAB de CV priced a two-tranche issue of sterling notes due 2026 and euro notes due 2019 (A2) in a Securities and Exchange Commission-registered deal, a market source said.
The deal included £500 million 5% notes due Oct. 27, 2026 that priced at 99.28 to yield 5.007%, or Gilts plus 217 basis points. The notes priced below talk, set at a spread between 220 and 225 bps.
Deutsche Bank and HSBC were the bookrunners for the sterling notes.
The second tranche totaled €750 million 4 1/8% notes due Oct. 25, 2019 that priced at 99.049 to yield 4.268%, or mid-swaps plus 180 bps. This tranche also priced below talk, which was set at mid-swaps plus 185 to 190 bps.
Credit Suisse and Deutsche Bank were the bookrunners for the euro notes.
Proceeds will be used for general corporate purposes and capital expenditures.
America Movil is a Mexico City-based telecommunications company.
| Issuer: | America Movil SAB de CV
|
| Description: | Senior notes
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 27
|
| Ratings: | Moody's: A2
|
| Distribution: | Securities and Exchange Commission registered
|
|
|
| Amount: | £500 million
|
| Maturity: | Oct. 27, 2026
|
| Bookrunners: | Deutsche Bank, HSBC
|
| Coupon: | 5%
|
| Price: | 99.28
|
| Yield: | 5.007%
|
| Spread: | Gilts plus 217 bps
|
| Price talk: | Gilts plus 220 to 225 bps
|
|
|
| Amount: | €750 million
|
| Maturity: | Oct. 25, 2019
|
| Bookrunners: | Credit Suisse, Deutsche Bank
|
| Coupon: | 4 1/8%
|
| Price: | 99.049
|
| Yield: | 4.268%
|
| Spread: | Mid-swaps plus 180 bps
|
| Price talk: | Mid-swaps plus 185 to 190 bps
|
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