[November 06, 2009] Telefonos de Mexico to raise $500 million in placement Tweet Nov 06, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Telefonos de Mexico, S.A.B. de C.V. (Telmex), a Mexico-based provider of telecommunications services, has launched a private placement of senior notes to raise an aggregate principal amount of $500 million. The 5.5% notes, maturing in 2019, were priced at $0.997 to yield 200 basis points. Bank of America Corp. and HSBC Holdings Plc are arranging the note sale. The transaction is expected to close on November 12, 2009. Deal Value (US$ Million) 500 Deal Type Private Placement Sub-Category None Deal Status Completed: 2009-11-05 Deal Participants Target (Company) Telefonos de Mexico, S.A.B. de C.V. Acquirer (Company) Undisclosed Investors Deal Rationale Telmex will use the proceeds for general corporate purposes. [ Back To TMCnet.com's Homepage ]