Telmex Internacional Preps Local Bonds

Telmex Internacional, the unit of Telmex, has filed for a new MXP10bn five-year local bond shelf. The issuer rated AA on a local scale did not specify use of proceeds. Inbursa is managing the program. After being spun off in a $16bn transaction in June, Telmex Internacional was expected to translate its large cash position into acquisition activity and aggressive organic growth in markets such as Argentina, Chile and Brazil.