Simpson Thacher Represents Underwriter in Chinese Currency-Denominated Debt Offering by América Móvil, S.A.B. de C.V.
02.08.12
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The Firm represented HSBC, as underwriter, in connection with a public offering by América Móvil, S.A.B. de C.V. of CNY 1 billion principal amount of 3.50% Senior Notes due 2015. The offering constituted the first-ever Chinese renminbi-denominated debt offering by a Latin American issuer.
América Móvil, which is organized in Mexico, is the largest provider of wireless communications services in Latin America, based upon its 241.5 million subscribers in 18 countries at September 30, 2011. Mexico, Brazil and Colombia are América Móvil’s single largest markets for wireless communications. América Móvil also has major fixed-line operations in Mexico, Brazil and 12 other countries.
The Simpson Thacher team for the transaction included, among others, Glenn M. Reiter, Kirsten L. Davis and Susan Barrio Campos (Capital Markets), and Jonathan Cantor and Danny Salinas (Tax).