América Móvil cheapens €2.2bn exchangeable

Aidan Gregory

February 24, 2021 08:00 am

Carlos_Slim_PA_575_375 — Businessman Carlos Slim Helu convenes a press conference to announce that he will support the victims of the September 19 earthquake through the Carlos Slim Foundation on October 10, 2017 in Mexico City, Mexico (Photo by Carlos Tischler/NurPhoto) | NurPhoto/NurPhoto/PA Images

América Móvil, the Mexican telecommunications company controlled by Carlos Slim, had to cheapen the terms of its €2.2bn bond exchangeable into shares in Dutch telco KPN, but still achieved a remarkably cheap refinancing of a non-core stake.

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Topics

Equity Americas Barclays Corporate Bonds Mexico LatAm Equity LatAm Bonds Emerging Markets North America LatAm Central America Equity-Linked Latin America

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Aidan Gregory