By Christine Van Dusen
Atlanta, July 20 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) priced a $1 billion tap of its 5½% notes due Jan. 21, 2021 (Baa1/BBB/BBB) at 105.011 to yield 4.835%, or Treasuries plus 190 basis points, a market source said.
HSBC, Morgan Stanley and Banco Santander were the bookrunners for the Rule 144A and Regulation S transaction.
Proceeds will be used for general corporate purposes.
Pemex is a petrochemical company based in Mexico City.
| Issuer: | Petroleos Mexicanos SAB de CV
|
| Amount: | $1 billion
|
| Maturity: | Jan. 21, 2021
|
| Description: | Senior notes add-on
|
| Bookrunners: | HSBC, Morgan Stanley, Banco Santander
|
| Coupon: | 5½%
|
| Price: | 105.011
|
| Yield: | 4.835%
|
| Spread: | Treasuries plus 190 bps
|
| Trade date: | July 20
|
| Settlement date: | July 26
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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