Mexico's Carlos Slim Selling Bonds to Japanese

Latin America’s largest wireless carrier, America Móvil SAB, may become the first non-financial company in Mexico to sell its bonds in Japan. After raising $3.1 billion of debt in the U.S. and Switzerland last month, Mexico's Carlos Slim has realized the power of diversifying sources of financing. For assistance in financing a recent $6.5 billion acquisition of Telefonos de Mexico SAB shares, America Móvil SAB has been stepping up its debt sales since August -- and is now turning to Japan's bond market. The company is seeking to expand financing sources across the globe as economic growth in the U.S. is slowing and Europe’s worsening sovereign debt crisis is increasingly pinching supply in those markets.