AMX Sounding Out Japanese Accounts

America Movil (AMX) is heard sounding out Japanese accounts for a potential Samurai transaction with Mitsubishi UFJ-Morgan Stanley and Mizuho. Additional details were not available. A Samurai would follow AMX’s $2bn 5-year bond and $750m retap of its 2040s done earlier this month in which it locked in the second lowest coupon ever achieved by a telecommunications company. AMX issued a CHF270m 2016 bond in August that came with a reoffer price of 99.775 to yield 2.039%, or mid swaps plus 86bp. AMX and the banks said to be involved were unavailable to comment. AMX is rated A2/A/A.