AMX Readies MXP Program

America Movil plans to launch as soon as this month a program for the regular issuance of peso-denominated bonds, its CFO says. “We intend to come to market regularly, probably once per quarter. We will be issuing bonds to be placed with both international and domestic investors, utilizing the Europeso format. This time, instead of an isolated issue, it will be a program of regular issuance in the market,” Carlos Garcia Moreno tells LatinFinance. The program should be about 5-years, he says. He declines to comment on the total size, noting only that it will be “meaningful.” The Mexican telecom is in the process of selecting a group banks. “It’s going to be a hugely important program that I think will be the first of its kind worldwide,” the official says.