America Movil SAB De CV logo

AMOV - America Movil SAB De CV News Story

$14.53 0.0  0.2%

Last Trade - 22/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £34.58bn
Enterprise Value £59.09bn
Revenue £36.74bn
Position in Universe 256th / 6852

BRIEF-América Móvil Announces Launch Of Offer Of Bonds Exchangeable Into KPN Shares

Tue 23rd February, 2021 8:35am
Feb 23 (Reuters) - América Móvil SAB de CV  AMXL.MX :  
    * LAUNCH OF OFFER BY ITS DUTCH SUBSIDIARY AMÉRICA MÓVIL B.V.
FOR
BONDS EXCHANGEABLE INTO ORDINARY SHARES OF KONINKLIJKE KPN N.V
 KPN.AS 
    * OFFERING OF APPROXIMATELY EUR 2.2 BILLION PRINCIPAL AMOUNT
OF
SENIOR UNSECURED BONDS 
    * BONDS WILL HAVE A MATURITY OF 3 YEARS, WILL NOT BEAR
INTEREST
(ZERO-COUPON) 
    * ISSUE PRICE RANGING BETWEEN 105.75% AND 107.75% OF
PRINCIPAL
AMOUNT, RESULTING IN ANNUAL YIELD-TO-MATURITY OF (1.85)% TO
(2.46)% 
    * EXCHANGE PREMIUM WILL BE SET AT PRICING AND EXPECTED TO BE
BETWEEN 15% AND 20%
    * OUTCOME OF PLACEMENT AND FINAL TERMS OF BOND OFFERING ARE
EXPECTED TO BE DETERMINED AND ANNOUNCED ON 23 FEBRUARY 
    * EXCHANGEABLE BOND OFFERING IS EXPECTED TO CLOSE ON 2 MARCH
    * FOLLOWING PRICING, ISSUER AND AMX INTEND TO AGREE NOT TO
PLACE
ANY FURTHER KPN SHARES IN MARKET FOR PERIOD BEGINNING TODAY AND
ENDING 90 DAYS AFTER CLOSING OFFERING

    
 Source text for Eikon:  ID:nNDL3lbQdm 
    
 Further company coverage:  AMXL.MX ,  KPN.AS 
   
    
    

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.