Telmex Internacional Plans Domestic Issue

Telmex Internacional has filed for a floating-rate bond sale of up to MXP5bn in Mexico’s domestic market. It does not specify tenor on the bond, rated AA on a national scale. Inbursa is managing the transaction, the first long-term placement from a MXP10bn shelf. The unit of Telmex – housing non-Mexico LatAm business and the Mexican yellow pages business – plans to use proceeds for general corporate purposes, including refinancing debt. Telmex Internacional was spun off from Telmex in June of 2008 and listed in Mexico and the US.