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Mexico's Pemex plans up to $3 billion offering of notes
By Christine Van Dusen
Atlanta, March 2 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) is planning to issue up to $3 billion in two or three tranches of notes, a market source said Wednesday.
The deal is expected to launch as soon as May.
Pemex recently completed a non-deal roadshow with JPMorgan and Goldman Sachs.
Proceeds will be used to refinance outstanding debt.
Pemex is a state-owned petrochemical company based in Mexico City.
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