Deal | 12 August 2025
América Móvil raises MXN 15.5 billion through Global Peso Notes reopenings with BBVA support
América Móvil, S.A.B. de C.V. (AMX) successfully raised MXN 15.5 billion through the reopening of three of its most recent Global Peso Note issuances, including two labeled as sustainable, reinforcing both its corporate financing strategy and its commitment to sustainable finance. The offerings were carried out under the company’s Sustainable Financing Framework, which is backed by a Second Party Opinion (SPO) from S&P Global and aligns with the ICMA’s Green and Social Bond Principles.
Since 2023, América Móvil has raised a total of MXN 70 billion in the Global Peso Notes format, making it the most active issuer by volume in this market segment.
The transaction attracted total demand of more than MXN 33.5 billion—2.17 times the allocated amount—with a distribution of approximately 15% to international investors and 85% to local accounts. The deal allowed the company to broaden its investor base and enhance its peso-denominated liquidity.
The reopened tranches were issued under the following terms:
América Móvil is Latin America’s leading telecommunications provider, with operations spanning Mexico, Central America, the Caribbean, Peru, Colombia, Ecuador, Argentina, Brazil, as well as Austria and Eastern Europe. The company has long been a pioneer in deploying regional technology infrastructure, driving digital transformation and staying at the forefront of evolving consumer demand.
At BBVA Mexico, we are proud to support this achievement and congratulate AMX for its vision and leadership in the debt capital markets. We appreciate the trust placed in our investment banking team and reaffirm our commitment to delivering tailored financial solutions for our clients.
Since 2023, América Móvil has raised a total of MXN 70 billion in the Global Peso Notes format, making it the most active issuer by volume in this market segment.
The transaction attracted total demand of more than MXN 33.5 billion—2.17 times the allocated amount—with a distribution of approximately 15% to international investors and 85% to local accounts. The deal allowed the company to broaden its investor base and enhance its peso-denominated liquidity.
The reopened tranches were issued under the following terms:
- AMX 0129: MXN 6 billion at a fixed rate, with a remaining tenor of 3.6 years. Priced at MBono 29 (8.52%) + 65 basis points (bps), the notes yielded 9.17%, 5 bps inside initial price thoughts (IPTs), and tightened 30 bps relative to the original issuance level in March 2024.
- AMX 0131X: MXN 6 billion at a fixed rate, with a remaining tenor of 5.6 years and a sustainable label. Priced at MBono 31 (8.71%) + 70 bps, for a yield of 9.41%, the tranche landed 5 bps tighter than IPTs, reflecting a 25 bps tightening from its original issuance in July 2023.
- AMX 0134X: MXN 3.5 billion at a fixed rate, with a remaining tenor of 8.6 years and a sustainable label. Priced at MBono 34 (9.09%) + 70 bps, for a yield of 9.79%, the tranche came 5 bps inside IPTs and compressed 30 bps versus its initial pricing in February 2024.
América Móvil is Latin America’s leading telecommunications provider, with operations spanning Mexico, Central America, the Caribbean, Peru, Colombia, Ecuador, Argentina, Brazil, as well as Austria and Eastern Europe. The company has long been a pioneer in deploying regional technology infrastructure, driving digital transformation and staying at the forefront of evolving consumer demand.
At BBVA Mexico, we are proud to support this achievement and congratulate AMX for its vision and leadership in the debt capital markets. We appreciate the trust placed in our investment banking team and reaffirm our commitment to delivering tailored financial solutions for our clients.