EX-25.1 5 ny20049804x1_ex25-1.htm EXHIBIT 25.1

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)

A National Banking Association
 
13-5266470
(Jurisdiction of incorporation or organization
 
(I.R.S. Employer
if not a U.S. national bank)
 
Identification No. )
     
399 Park Avenue,
   
New York, New York
 
10043
(Address of principal executive office)
 
(Zip Code)

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

United Mexican States
 
N/A
(State or other jurisdiction of
 
(I.R.S. employer
incorporation or organization)
 
identification no.)

Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, Delegación Miguel Hidalgo, 11529, Mexico City, Mexico

(Address of principal executive offices)
 
(Zip Code)



Debt Securities
(Title of Indenture Securities)



Item 1.
General Information.

Furnish the following information as to the trustee:


(a)
Name and address of each examining or supervising authority to which it is subject.

 
Name
Address
 
Comptroller of the Currency
Washington, D.C.
 
Federal Reserve Bank of New York
33 Liberty Street, New York, NY
 
Federal Deposit Insurance Corporation
Washington, D.C.


(b)
Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2.
Affiliations with Obligor.

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.

Item 16.
List of Exhibits.

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.

 
CITIBANK, N.A.
     
 
By
/s/ Eva Waite
   
Eva Waite
   
Senior Trust Officer


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

CONSOLIDATED BALANCE SHEET
Citigroup Inc. and Subsidiaries

   
December 31,
 
In millions of dollars
 
2024
   
2023
 
Assets
           
Cash and due from banks (including segregated cash and other deposits)
 
$
22,782
   
$
27,342
 
Deposits with banks, net of allowance
   
253,750
     
233,590
 
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
   
274,062
     
345,700
 
Brokerage receivables, net of allowance
   
50,841
     
53,915
 
Trading account assets (including $193,291 and $197,156 pledged to creditors at December 31, 2024 and 2023, respectively)
   
442,747
     
411,756
 
Investments:
               
Available-for-sale debt securities (including $5,389 and $11,868 pledged to creditors as of December 31, 2024 and 2023, respectively)
   
226,876
     
256,936
 
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)
   
242,382
     
254,247
 
Equity securities (including $578 and $766 as of December 31, 2024 and 2023, respectively, at fair value)
   
7,399
     
7,902
 
Total investments
 
$
476,657
   
$
519,085
 
Loans:
               
Consumer (including $281 and $313 as of December 31, 2024 and 2023, respectively, at fair value)
   
393,102
     
389,197
 
Corporate (including $7,759 and $7,281 as of December 31, 2024 and 2023, respectively, at fair value)
   
301,386
     
300,165
 
Loans, net of unearned income
 
$
694,488
   
$
689,362
 
Allowance for credit losses on loans (ACLL)
   
(18,574
)
   
(18,145
)
Total loans, net
 
$
675,914
   
$
671,217
 
Goodwill
   
19,300
     
20,098
 
Intangible assets (including MSRs of $760 and $691 as of December 31, 2024 and 2023, respectively)
   
4,494
     
4,421
 
Premises and equipment, net of depreciation and amortization
   
30,192
     
28,747
 
Other assets (including $13,703 and $12,290 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance
   
102,206
     
95,963
 
Total assets
 
$
2,352,945
   
$
2,411,834
 

Statement continues on the next page.


CONSOLIDATED BALANCE SHEET
Citigroup Inc. and Subsidiaries

(Continued)

   
December 31,
 
In millions of dollars, except shares and per share amounts
 
2024
   
2023
 
Liabilities
           
Deposits (including $3,608 and $2,440 as of December 31, 2024 and 2023, respectively, at fair value)
 
$
1,284,458
   
$
1,308,681
 
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)
   
254,755
     
278,107
 
Brokerage payables (including $5,207 and $4,321 as of December 31, 2024 and 2023, respectively, at fair value)
   
66,601
     
63,539
 
Trading account liabilities
   
133,846
     
155,345
 
Short-term borrowings (including $12,484 and $6,545 as of December 31, 2024 and 2023, respectively, at fair value)
   
48,505
     
37,457
 
Long-term debt (including $112,719 and $116,338 as of December 31, 2024 and 2023, respectively, at fair value)
   
287,300
     
286,619
 
Other liabilities, plus allowances
   
68,114
     
75,835
 
Total liabilities
 
$
2,143,579
   
$
2,205,583
 
Stockholders’ equity
               
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
 
$
17,850
   
$
17,600
 
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
   
31
     
31
 
Additional paid-in capital
   
109,117
     
108,955
 
Retained earnings
   
206,294
     
198,905
 
Treasury stock, at cost: December 31, 2024—1,222,647,540 shares and December 31, 2023—1,196,577,865 shares
   
(76,842
)
   
(75,238
)
Accumulated other comprehensive income (loss) (AOCI)
   
(47,852
)
   
(44,800
)
Total Citigroup stockholders’ equity
 
$
208,598
   
$
205,453
 
Noncontrolling interests
   
768
     
798
 
Total equity
 
$
209,366
   
$
206,251
 
Total liabilities and equity
 
$
2,352,945
   
$
2,411,834
 


The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.