Telefonica Moviles Preps Debut

Telefonica Moviles, the wireless unit of Telefonica in Chile, is preparing its first dollar bond. It plans a $380m 5-year deal, according to Fitch, which assigns a BBB+ rating. It is set to start roadshowing today in Los Angeles and visit London before finishing in Boston and New York Tuesday. BBVA, Citi and Deutsche Bank are managing.