New Issue-Telmex sells $500 mln in 10-yr notes

Thu Nov 5, 2009 4:47pm EST
 
[-] Text [+]
  Nov 5 (Reuters) - Telefonos de Mexico SAB de CV
(TELMEXL.MX) (TMX.N) on Thursday sold $500 million of senior
unsecured notes in the 144a private placement market, said IFR,
a Thomson Reuters service.
  Bank of America and HSBC were the joint bookrunning
managers for the sale.
BORROWER: TELEFONOS DE MEXICO SAB DE CV
AMT $500 MLN      COUPON 5.50 PCT     MATURITY 11/15/2019
TYPE SR NTS       ISS PRICE 99.733    FIRST PAY 5/15/2010
MOODY'S A3        YIELD 5.535 PCT     SETTLEMENT 11/12/2009
S&P BBB-PLUS      SPREAD 200 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-MINUS      MORE THAN TREAS    NON-CALLABLE       

 

Featured Broker sponsored link

Commentary

James Pethokoukis
Why Geithner will stay

One residual from Timothy Geithner's rough confirmation back in January -- "Turbo Tax Tim" and all that -- is that his political position is probably a bit more precarious than that of the typical newbie treasury secretary.  Blog