By Christine Van Dusen
Atlanta, Oct. 14 - Petroleos Mexicanos SAB de CV priced a $250 million add-on to its existing $750 million 6 5/8% perpetual notes (Baa1/BBB/) at 103 to yield 6.466%, a market source said.
Credit Suisse was the bookrunner for the Rule 144A and Regulation S notes, which are non-callable for five years.
The original issue priced Sept. 21 at par to yield 6 5/8%.
Pemex is a Mexico City-based oil and gas company.
| Issuer: | Petroleos Mexicanos SAB de CV
|
| Amount: | $250 million add-on
|
| Maturity: | Perpetual
|
| Description: | Senior notes
|
| Bookrunner: | Credit Suisse
|
| Coupon: | 6 5/8%
|
| Price: | 103
|
| Yield: | 6.466%
|
| Call: | Non-callable for five years
|
| Trade date: | Oct. 14
|
| Settlement date: | Oct. 20
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Total amount: | $1 billion, including $750 million priced Sept. 21, 2010 at par
|
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