America Movil Files Europeso Shelf

America Movil has filed a program for the regular issuance of peso-denominated bonds available to both domestic and international investors, according to regulatory documents. The 5-year shelf is good for the issuance of MXP100bn ($7.61bn) in the securities, to be called Titulos de Credito Extranjeros. Details on specific issuance from the program was not included. CFO Carlos Garcia Moreno told LatinFinance in July that the company intended to create such a program to facilitate regular liquid peso-denominated issuance, likely coming to market once per quarter. The official estimated that this Europeso structure will be the first of its kind worldwide. Banks associated with the program remain to be defined, according to the documents. Last year, Pemex Raised MXP10bn in a global depository note sale open to both locals and foreigners.