America Movil Assigns Banks

America Movil has assigned banks for its $4bn syndicated loan, according to market participants. The deal will be split in to a 3.5-year $2bn tranche, and a 5-year $2bn equivalent EUR tranche. Bank of Tokyo Mitsubishi, BBVA, Citi, Intesa, and Mizuho are participating in the USD tranche. Bank of Tokyo Mitsubishi, Citi, Intesa, JP Morgan, and Societe Generale are participating in the EUR tranche. General syndication will begin on Friday. The deal is expected to close by mid-April.