By Paul A. Harris
St. Louis, Sept. 10 - Mexico's Petroleos Mexicanos priced $1.5 billion of 4.875% notes due March 15, 2015 (Baa1/BBB+/BBB) to yield 275 basis points over Treasuries, according to a market source.
The notes were priced at 99.251 to yield 5.033%.
There is a make-whole call at Treasuries plus 40 bps.
HSBC, Goldman Sachs & Co. and Banco Santander were joint bookrunners.
Pemex is a Mexico City-based government run oil firm.
| Issuer: | Petroleos Mexicanos
|
| Amount: | $1.5 billion
|
| Maturity: | March 15, 2015
|
| Security description: | Notes
|
| Bookrunners: | HSBC, Goldman Sachs & Co., Santander
|
| Co-manager: | Credit Suisse
|
| Coupon: | 4.875%
|
| Price: | 99.251
|
| Yield: | 5.033%
|
| Spread: | 275 bps
|
| Call protection: | Make-whole at Treasuries plus 40 bps
|
| Trade date: | Sept. 11
|
| Settlement date: | Sept. 18
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: BBB
|
| Distribution: | Rule 144A/Regulation S with registration rights
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
