Telmex International Lands Local Bond

Telmex International has sold MXP5bn in domestic bonds, its second issue of the year. The entity spun off last year from Mexico’s Telmex will pay interest at the 28-day TIIE plus 150bp on the 5-year bonds. Proceeds are marked for general corporate purposes, including repaying debt. Inbursa and Banamex managed the sale, rated AA on a national scale. Telmex International paid 28-day TIIE plus 135bp on MXP5bn in 2012 bonds at the beginning of September. In late October, the AAA rated Telmex parent paid TIIE plus 95bp for 5-year paper.