Movil raises Rmb1bn from dim sum debut as more line up

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OFFSHORE RENMINBI

Movil raises Rmb1bn from dim sum debut as more line up

Issue: 1240 - 3 February 2012

Keywords: American Movil, Lotte Shopping, Lanxess, dim sum bond

Mexican telecommunications company America Movil priced its first offshore renminbi bond this week, becoming the first foreign company this year to tap the market. It was also the first dim sum bond sold from a bond programme registered with the US Securities and Exchange Commission, said bankers. ..

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