Mexico's Pemex talks benchmark dollar perpetual notes at 6 7/8% area

By Christine Van Dusen

Atlanta, Sept. 20 -Mexico's Petroleos Mexicanos SAB de CV (Pemex) set price talk for a planned benchmark-sized issue of perpetual notes at the 6 7/8% area, a market source said.

Citigroup and HSBC are the bookrunners for the deal, which is expected to total $1 billion and is non-callable for five years.

Pemex is Mexico's state-owned petroleum company and is based in Mexico City.

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