By Christine Van Dusen and Paul A. Harris
Atlanta, Nov. 5 - Telefonos de Mexico SAB de CV (Telmex) priced $500 million of 5.5% 10-year senior unsecured notes (A3/BBB+/A-) at Treasuries plus 200 basis points, according to an informed market source.
The debt came to market at 99.733 to yield 5.535%.
The bookrunners for the Rule 144A and Regulation S deal are Bank of America Merrill Lynch and HSBC.
The notes include a put at par.
Proceeds will be used for general corporate purposes.
Telmex is a Mexico City-based provider of fixed-line telecommunications services.
| Issuer: | Telefonos de Mexico SAB de CV
|
| Amount: | $500 million
|
| Maturity: | Nov. 11, 2019
|
| Security description: | Senior unsecured notes
|
| Bookrunners: | Bank of America Merrill Lynch, HSBC
|
| Coupon: | 5.5%
|
| Price: | 99.733
|
| Yield: | 5.535%
|
| Spread: | Treasuries plus 200 bps
|
| Put option: | At par
|
| Distribution: | Rule 144A/Regulation S
|
| Trade date: | Nov. 5
|
| Settlement date: | Nov. 12
|
| Expected ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
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