Telmex To Tap International Markets With Peso Bonds

Mexican telephone operator Teléfonos de México (Telmex), owned by local business magnate Carlos Slim, it to tap the international markets with 10-year local currency bonds. Telmex’s offering would be only the second ever Mexican peso-denominated corporate issue. The first such issuance was made last November by another of Slim’s companies, cell phone operator América Móvil, which sold 5 billion pesos ($476 million) of 10-year bonds.