By Christine Van Dusen
Atlanta, Sept. 21 - Petroleos Mexicanos SAB de CV (Pemex) priced $750 million of 6 5/8% perpetual notes (Baa1/BBB/BBB) at par to yield 6 5/8%, a market source said.
The notes came tighter than talk for a yield in the 6 7/8% area.
Citigroup and HSBC were the bookrunners for the Rule 144A and Regulation S transaction.
The notes are non-callable for five years.
Pemex is a Mexico City-based oil and gas company.
| Issuer: | Petroleos Mexicanos SAB de CV
|
| Amount: | $750 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | Citigroup, HSBC
|
| Coupon: | 6 5/8%
|
| Price: | Par
|
| Yield: | 6 5/8%
|
| Call features: | Non-callable for five years
|
| Trade date: | Sept. 21
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | 6 7/8% area
|
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