Archive · 9 Aug 2025
America Movil Considers Euro Debt Amid Refinancing Plans
America Movil, a media company, is looking into borrowing money in Euros because the interest rates are low right now.
The CFO, Carlos Garcia Moreno, said this could make sense for the company since they already have some debt in Euros.
They also have debt in the local currency, the Mexican Peso, and will continue to issue peso-denominated bonds, taking advantage of the growth in the local debt market.
This move comes as investors are seeking alternatives to the US dollar.
The company's net debt is a substantial amount, including a small portion in Euros.
America Movil is considering issuing euro-denominated debt.
CFO Carlos Garcia Moreno cited low rates as a potential benefit.
The company has existing euro debt maturing in 2026, 2027, and 2028.
Net debt stood at 472 billion pesos ($25.4 billion) at the end of June.
America Movil will also weigh peso issuances, focusing on the local debt market.
- Who
- America Movil is the company considering the debt issuance.
- What
- America Movil is considering issuing euro-denominated debt.
- When
- The decision is being considered now, amid low rates.
- Where
- The article does not specify a location beyond the company's operations.
- Why
- To take advantage of lower interest rates and diversify its debt portfolio.
America Movil Strategy
Financial Strategy
Debt Issuance Strategy
America Movil Strategy
Issue euro-denominated debt to capitalize on low rates.
Financial Strategy
Issue peso-denominated bonds taking advantage of the recent growth in the local debt market.
- Company
- America Movil
- CFO
- Carlos Garcia Moreno
- Net Debt (End of June)
- 472 billion pesos ($25.4 billion)
- Euro Debt
- 2.8 billion
- Peso Issuance
- Regularly