ECB makes it worth the wait for América Móvil

America Movil man with phone
By Oliver West
20 Jun 2019

Just two months after a dovish US Federal Reserve lured América Móvil to the dollar bond market for the first time in eight years, the Mexican telecoms giant was again able to make the most of benevolent central bank talk on Wednesday as it jumped on a rates rally in Europe for its first euro trade since 2016.

A3/A-/A- rated América Móvil raised $2.25bn in dollar markets on April 15, and then went to meet investors across Europe with Barclays between May 20-24.

DCM bankers said that markets had felt “heavy” in the days after the roadshow, with certain deals — from other telecoms ...

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