Published on 7/13/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Mexico's Pemex prices $2 billion 5½% bonds due 2021 to yield Treasuries plus 250 bps
By Christine Van Dusen
Atlanta, July 13 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) priced $2 billion 5½% bonds due 2021 at 99.011 to yield 5.65%, or Treasuries plus 250 basis points, according to a market source.
Deutsche Bank, Goldman Sachs and HSBC were the bookrunners for the Rule 144A deal.
Pemex is Mexico's state-owned petroleum company based in Mexico City.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | $2 billion
|
| Maturity: | 2021
|
| Description: | Bonds
|
| Bookrunners: | Deutsche Bank, Goldman Sachs, HSBC
|
| Coupon: | 5½%
|
| Price: | 99.011
|
| Yield: | 5.65%
|
| Spread: | Treasuries plus 250 bps
|
| Trade date: | July 13
|
| Distribution: | Rule 144A
|
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