By Aleesia Forni and Christine Van Dusen
Columbus, Ohio, July 9 - Mexico's America Movil SAB de CV sold $2 billion senior unsecured bonds (A2/A-/A) in two tranches, according to a market source.
The Mexico City-based telecommunications company priced $1.25 billion 3 1/8% bonds due 2022 at 99.49 to yield 3.185%, or Treasuries plus 168 basis points.
A $750 million tranche of 4 3/8% bonds due 2042 priced at 99.244 to yield 4.482%, or 188 bps over Treasuries.
Goldman Sachs and Morgan Stanley are the bookrunners for the Securities and Exchange Commission-registered deal.
Proceeds will be used to repay debt.
| Issuer: | America Movil
|
| Issue: | Senior unsecured bond
|
| Amount: | $2 billion
|
| Bookrunners: | Goldman Sachs, Morgan Stanley
|
| Trade date: | July 9
|
| Settlement date: | July 16
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: A
|
|
|
| 10-year bonds
|
| Amount: | $1.25 billion
|
| Maturity: | July 16, 2022
|
| Coupon: | 3 1/8%
|
| Price: | 99.49
|
| Yield: | 3.185%
|
| Spread: | Treasuries plus 168 bps
|
|
|
| 30-year bonds
|
| Amount: | $750 million
|
| Maturity: | July 16, 2042
|
| Coupon: | 4 3/8%
|
| Price: | 99.244
|
| Yield: | 4.482%
|
| Spread: | Treasuries plus 188 bps
|
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