Skip to content
AidData logo

Overview

Bank of China (Mexico) contributes to USD 1.5 billion revolving credit facility to América Móvil for general corporate purposes in 2021

Commitments (Constant USD, 2023)$27,664,249
Commitment Year•2021Country of Activity•MexicoDirect Recipient Country of Incorporation•MexicoOverseas Jurisdiction•MexicoSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 28, 2021
First repayment (originally scheduled)
May 28, 2021
Last repayment (originally scheduled)
May 27, 2026

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China México, S.A., Institución de Banca Múltiple

Cofinancing agencies

Private Sector

  • Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)
  • Banco Santander, S.A. (Santander Group) (formerly Banco Santander Central Hispano, S.A.)
  • Bank of America Corporation
  • Barclays Bank PLC
  • BNP Paribas S.A.
  • Citibank
  • Credit Agricole S.A. (Crédit Agricole Group)
  • Deutsche Bank AG
  • Erste Group Bank AG (Erste Group)
  • Goldman Sachs Group, Inc.
  • HSBC Bank PLC
  • Intesa Sanpaolo S.P.A. (formerly Cariplo/Banca Intesa/BCI)
  • JP Morgan
  • Morgan Stanley
  • Société Générale S.A. (SocGen or Societe Generale)
  • UniCredit Bank AG

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Private Sector

  • América Móvil, S.A.B. de C.V. (America Movil)

Loan description

Bank of China contributions to USD 1.5 billion revolving credit facility to Mexican telecom company América Móvil for general corporate purposes in 2021

Interest type•UnknownMaturity•5 years

Narrative

Full Description

Project narrative

On May 28th, 2021 an agreement between América Móvil and a syndicate of 17 banks for the provision of a USD 1.5 billion revolving credit facility achieved financial close. Proceeds from the facility were to be used for general corporate purposes. Bank of China Panama Branch, Bank of China (Mexico), and Bank of China (New York Branch) contributed USD 90 million to the facility. The facility carried a maturity of five years, however, the other remaining borrowing terms are unknown.

Staff comments

1. The individual contributions from the Panama Branch, Bank of China (Mexico), and the New York Branch are not specified. For the time being, AidData assumes that each lender provided an equal share (30 million USD each) of Bank of China's 90 million USD contribution to the syndicated loan.