Exhibit 25.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM T-1
STATEMENT OF
ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an
Application to Determine Eligibility of a Trustee
Pursuant to
Section 305(b)(2)
CITIBANK, N.A.
(Exact name of Trustee as specified in its charter)
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A National Banking Association
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13-5266470
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(Jurisdiction of incorporation or organization
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(I.R.S. Employer
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if not a U.S. national bank)
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Identification No. )
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399 Park Avenue,
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New York, New York
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10043
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(Address of principal executive office)
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(Zip Code)
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Citibank, N.A.
388 Greenwich Street
New York, N.Y. 10013
(212) 519-8998
(Name, address, and telephone number of agent for service)
América Móvil, S.A.B. de C.V.
(Exact name of obligor as specified in its charter)
SEE TABLE OF ADDITIONAL REGISTRANTS
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United Mexican States
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N/A
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(State or other jurisdiction of
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(I.R.S. employer
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incorporation or organization)
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identification no.)
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Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, Delegación Miguel Hidalgo, 11529, Mexico City, Mexico
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(Address of principal executive offices)
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(Zip Code)
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Debt Securities
(Title of Indenture Securities)
| Item 1. |
General Information.
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Furnish the following information as to the trustee:
| (a) |
Name and address of each examining or supervising authority to which it is subject.
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Name
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Address
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Comptroller of the Currency
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Washington, D.C.
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Federal Reserve Bank of New York
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33 Liberty Street, New York, NY
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Federal Deposit Insurance Corporation
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Washington, D.C.
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| (b) |
Whether it is authorized to exercise corporate trust powers.
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Yes.
| Item 2. |
Affiliations with Obligor.
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If the obligor is an affiliate of the trustee, describe each such affiliation.
Based upon an examination of the books and records of the trustee and upon information furnished by the obligor, the obligor is not an affiliate of the trustee.
| Items 3-15. |
Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.
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| Item 16. |
List of Exhibits.
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List below all exhibits filed as a part of this Statement of Eligibility.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.
Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect. (Exhibit 1 to T-1 filed as exhibit to the Filing 305B2 dated September 30, 2021 under File No.
333-259910).
Exhibit 2 - A copy of the Certificate of Corporate Existence and Fiduciary Powers (attached).
Exhibit 3 - A copy of the Certificate of Corporate Existence and Fiduciary Powers, incorporated herein by reference to Exhibit 2 of Form T-1.
Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 filed as exhibit to the Filing 305B2 dated September 30, 2021 under File No. 333-259910).
Exhibit 5 - Not applicable.
Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1 filed as exhibit to the Filing 305B2 dated September 30, 2021
under File No. 333-259910).
Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of December 31, 2024 - attached)
Exhibit 8 - Not applicable.
Exhibit 9 - Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has
duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the second day of June 2, 2025.
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CITIBANK, N.A.
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By
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/s/ Eva Waite
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Eva Waite
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Senior Trust Officer
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Exhibit 2
CERTIFICATE OF CORPORATE EXISTENCE AND FIDUCIARY POWERS
I, Rodney E. Hood, Acting Comptroller of the Currency, do hereby certify that:
1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all
national banking associations.
2. "Citibank, N.A.," Sioux Falls, South Dakota (Charter No. 1461), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking and exercise fiduciary powers on the
date of this certificate.
IN TESTIMONY WHEREOF, today, April 1, 2025, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.
Exhibit 7
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CONSOLIDATED BALANCE SHEET
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Citigroup Inc. and Subsidiaries
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December 31,
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In millions of dollars
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2024
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2023
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||||||
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Assets
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Cash and due from banks (including segregated cash and other deposits)
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$
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22,782
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$
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27,342
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Deposits with banks, net of allowance
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253,750
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233,590
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||||||
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Securities borrowed and purchased under agreements to resell (including $140,855 and $206,059 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance
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274,062
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345,700
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Brokerage receivables, net of allowance
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50,841
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53,915
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Trading account assets (including $193,291 and $197,156 pledged to creditors at December 31, 2024 and 2023, respectively)
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442,747
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411,756
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Investments:
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Available-for-sale debt securities (including $5,389 and $11,868 pledged to creditors as of December 31, 2024 and 2023, respectively)
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226,876
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256,936
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||||||
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Held-to-maturity debt securities, net of allowance (fair value of which is $224,410 and $235,001 as of December 31, 2024 and 2023, respectively) (includes $0 and $71 pledged to creditors as of
December 31, 2024 and 2023, respectively)
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242,382
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254,247
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Equity securities (including $578 and $766 as of December 31, 2024 and 2023, respectively, at fair value)
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7,399
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7,902
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Total investments
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$
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476,657
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$
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519,085
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Loans:
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Consumer (including $281 and $313 as of December 31, 2024 and 2023, respectively, at fair value)
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393,102
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389,197
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Corporate (including $7,759 and $7,281 as of December 31, 2024 and 2023, respectively, at fair value)
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301,386
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300,165
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Loans, net of unearned income
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$
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694,488
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$
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689,362
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Allowance for credit losses on loans (ACLL)
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(18,574
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)
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(18,145
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)
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Total loans, net
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$
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675,914
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$
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671,217
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Goodwill
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19,300
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20,098
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Intangible assets (including MSRs of $760 and $691 as of December 31, 2024 and 2023, respectively)
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4,494
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4,421
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Premises and equipment, net of depreciation and amortization
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30,192
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28,747
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Other assets (including $13,703 and $12,290 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance
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102,206
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95,963
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Total assets
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$
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2,352,945
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$
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2,411,834
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Statement continues on the next page.
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CONSOLIDATED BALANCE SHEET
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Citigroup Inc. and Subsidiaries
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(Continued)
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December 31,
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In millions of dollars, except shares and per share amounts
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2024
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2023
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||||||
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Liabilities
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||||||||
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Deposits (including $3,608 and $2,440 as of December 31, 2024 and 2023, respectively, at fair value)
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$
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1,284,458
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$
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1,308,681
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Securities loaned and sold under agreements to repurchase (including $49,154 and $62,485 as of December 31, 2024 and 2023, respectively, at fair value)
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254,755
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278,107
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Brokerage payables (including $5,207 and $4,321 as of December 31, 2024 and 2023, respectively, at fair value)
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66,601
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63,539
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Trading account liabilities
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133,846
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155,345
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Short-term borrowings (including $12,484 and $6,545 as of December 31, 2024 and 2023, respectively, at fair value)
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48,505
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37,457
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Long-term debt (including $112,719 and $116,338 as of December 31, 2024 and 2023, respectively, at fair value)
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287,300
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286,619
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Other liabilities, plus allowances
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68,114
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75,835
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Total liabilities
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$
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2,143,579
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$
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2,205,583
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Stockholders’ equity
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Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: as of December 31, 2024—714,000 and as of December 31, 2023—704,000, at aggregate liquidation value
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$
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17,850
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$
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17,600
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Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: as of December 31, 2024—3,099,719,006 and as of December 31, 2023—3,099,691,704
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31
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31
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Additional paid-in capital
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109,117
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108,955
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Retained earnings
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206,294
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198,905
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Treasury stock, at cost: December 31, 2024—1,222,647,540 shares and December 31, 2023—1,196,577,865 shares
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(76,842
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)
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(75,238
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)
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Accumulated other comprehensive income (loss) (AOCI)
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(47,852
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)
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(44,800
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)
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Total Citigroup stockholders’ equity
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$
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208,598
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$
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205,453
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Noncontrolling interests
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768
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798
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Total equity
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$
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209,366
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$
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206,251
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Total liabilities and equity
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$
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2,352,945
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$
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2,411,834
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The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.