Slim Saving Money for Net as Bid May Boost Rating
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Speculation that billionaire Carlos Slim will buy Net Servicos de Comunicacao SA, Brazil’s biggest cable-TV provider, is driving down the company’s borrowing costs relative to America Movil SA from a record high.
The gap between the yield on Net’s 7.5 percent bonds due in 2020 and 5 percent notes maturing the same year sold by Slim’s America Movil shrank 50 basis points, or 0.5 percentage point, in the past two months to 200, according to data compiled by Bloomberg.