América Móvil’s Financial Plan
América Móvil, Latin America’s largest telecommunications company, aims to secure up to 15,000 million pesos by reopening two foreign bonds. The move involves the reopening of two foreign and sustainable bond issuances.
- Bond Details:
- The ‘AMX 0129’ bond, issued on March 27, 2024, and maturing on January 22, 2029, will pay semi-annual interest at a fixed rate of 10.125%.
- The ‘AMX 0134X’ bond, issued on February 1, 2024, and maturing on January 30, 2034, will also pay semi-annual interest at a fixed rate of 10.30%.
- Credit Ratings:
- Both bonds received the highest local rating of ‘AAA’ from S&P Global Ratings, Moody’s Local México, and Fitch Ratings.
Vinte Viviendas Integrales Acquires Derex Desarrollo Residencial
Vinte Viviendas Integrales, a company specializing in mid-range and residential housing, has successfully closed the acquisition of Derex Desarrollo Residencial, located in northeastern Mexico.
- Market Expansion:
- This acquisition allows Vinte to enter the markets of Sonora and Baja California, particularly in Hermosillo, Tijuana (where it already has a development), and Nogales.
- The deal increases Vinte’s development capacity by 600 units per year.
- Derex Background:
- Derex has over 20 years of experience in the market, having developed more than 23,000 homes.
- The company holds territorial reserves in the cities where it operates and has average prices similar to Vinte.
Google Invests $6.4 Billion in Germany
Alphabet’s Google will invest €5.5 billion (approximately $6.41 billion) in Germany over the coming years to expand its infrastructure and data center capacity in Europe’s largest economy, according to reports from the company and German government officials.
- Investment Details:
- The investment includes a new data center in Dietzenbach, near Frankfurt, and the expansion of Google’s presence in Hanau, also in Hesse state, central Germany.
- The plan will create 100 jobs in Dietzenbach and Hanau, supporting approximately 9,000 indirect jobs in the region.
Mission Foods Hosts 9th Annual Symposium
The Mission Foods Texas-Mexico Center held its ‘9th Annual Symposium on Integration: Driving Growth and Security Across Borders’ in Mexico City, gathering academics, business leaders, public sector representatives, and civil society members to address key issues in the U.S.-Mexico relationship, with a focus on Texas.
- Symposium Objectives:
- The event presents research findings from the Mission Foods Center, providing scientific data and strategic recommendations to strengthen commercial and economic integration between Texas and Mexico.
- Key Speakers:
- Francisco Cervantes, President of the CCE, highlighted Mexico and Texas’ complementary sectors, such as energy.
- Larry Rubin, President of the American Society of Mexico, emphasized that the Texas-Mexico relationship is valued at $300 billion annually, representing one-third of total U.S. trade, with 10,000 trucks crossing the border daily.
