América Móvil plays on popularity with Swiss

16 May 2013

América Móvil tapped five year Swiss franc debt on Tuesday, capitalising on Swiss investors’ strong interest in Latin American credits. While not a frequent issuer in the currency, the company has three bonds outstanding, meaning Swiss investors were comfortable with the name.

Credit Suisse priced the Sfr300m (€241m) tap of América Móvil’s 1.125% September 2018 paper at 47bp over mid-swaps, at the tight end of guidance of the 48bp area. The tap brings the total size of the outstanding to Sfr550m.

"We had strong indications of interest from investors and the ...

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