Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) Help America Movil Sell Bonds

Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) managed the offering of bonds offered by America Movil SAB, which is the largest mobile-phone company in Latin America.

This is the second global bond issue by the company offered in March for American Movil, which will attempt to sell five-, 10- and 30-year bonds.

These are being identified as being benchmark bonds, which normally refers to an offering worth a minimum of $500 million. Terms of the bonds haven’t been revealed yet.

Carlos Slim, the billionaire who was recently named the richest man in the world, is the controlling interest in America Movil, which has sold bonds in a couple of different currencies early in March in order to spread the bonds across the market to have a better chance of selling them under the terms and conditions they want. Bonds were offered in pesos and Swiss francs, part of which was for the acquisition of Telmex Internacional. The Swiss francs were issued in five-year bonds.

Carlos Slim has largely made his fortune through America Movil, and even though it’s the largest mobile-phone operator in Latin America, has a lot of potential for growth, as these bond issues reveal.

Slim has a holdings in a lot of other sectors, but America Movil is his largest.