Mexico's America Movil Launches Latest Global Peso Bond Deal.

Mexico's largest mobile and fixed-line provider, America Movil, is issuing a five-year peso bond in the midst of an expected easing cycle by the local central bank. The company aims to raise 20 billion pesos ($1.19 billion) through the sale of notes in Mexican and overseas bond markets. This is part of a larger 130-billion peso bond program announced by America Movil in June. While the peso has been performing well due to high local interest rates and positive economic indicators, the expected rate cuts by the central bank may weaken the currency. [Extracted from the article]