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Published on 2/11/2010 in the Prospect News Emerging Markets Daily.

New Issue: Mexico's Pemex prices CHF 150 million add-on to 3½% notes due October 2014

By Paul A. Harris

St. Louis, Feb. 11 - Petroleos Mexicanos priced a CHF 150 million add-on to its 3½% notes due Oct. 13, 2014 (Baa1/BBB/BBB) at 102.151 to yield 2.993% on Thursday, according to market sources.

Credit Suisse ran the books.

The add-on increases the size of the issue to CHF 500 million.

Issuer:Petroleos Mexicanos
Amount:CHF 150 million
Maturity:Oct. 13, 2014
Securities:Add-on to 3½% notes
Bookrunner:Credit Suisse
Coupon:3½%
Price:102.151
Yield:2.993%
Trade date:Feb. 11
Settlement date:Feb. 26
Ratings:Moody's: Baa1
Standard & Poor's: BBB
Fitch: BBB
Total issue size:CHF 500 million

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