Published on 8/25/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Mexico's Pemex prices $1 billion reopening of 6 5/8% notes due 2035 to yield 5.975%
By Christine Van Dusen
Atlanta, Aug. 25 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) priced a $1 billion reopening of its 6 5/8% notes due June 15, 2035 at 108.339 to yield 5.975%, or Treasuries plus 239.7 basis points, an informed market source said.
Bank of America Merrill Lynch and Credit Suisse were the bookrunners for the Rule 144A and Regulation S deal.
Pemex is Mexico's state-owned petroleum company based in Mexico City.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | $1 billion reopening
|
| Maturity: | June 15, 2035
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, Credit Suisse
|
| Coupon: | 6 5/8%
|
| Price: | 108.339
|
| Yield: | 5.975%
|
| Spread: | Treasuries plus 239.7 bps
|
| Trade date: | Aug. 25
|
| Settlement date: | Aug. 30
|
| Distribution: | Rule 144A/Regulation S
|
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