Slim opts for mandatory

摘要

European structured equity bankers have a new hero - Carlos Slim. Repeat issuers are the lifeblood of the small market so the companies and individuals that make regular appearances in the market are feted - such as billionaire John Fredriksen, who has used convertible bonds as a major source of financing at his many companies. Slim has differentiated himself from the rest with two issues from Mexican telecoms company America movil exchangeable into Dutch peer KPN. Typically, issuers cannot be relied on to visit the market more than once a year and once they have found a structure they like they stick with it. Not only did those deals come just four months apart but they also could barely be more dissimilar.