Published on 1/18/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Mexico's Pemex prices $2 billion 4 7/8% notes due 2022 at Treasuries plus 315 bps
By Christine Van Dusen
Atlanta, Jan. 18 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) on Tuesday priced a $2 billion issue of 4 7/8% notes due Jan. 24, 2022 (Baa1/BBB/BBB) at 99.119 to yield Treasuries plus 315 basis points, a market source said.
Bank of America Merrill Lynch, Citigroup and HSBC were the bookrunners for the Rule 144A and Regulation S transaction.
Pemex is a Mexico City-based petrochemical company.
| Issuer: | Petroleos Mexicanos SAB de CV
|
| Amount: | $2 billion
|
| Maturity: | Jan. 24, 2022
|
| Description: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup, HSBC
|
| Coupon: | 4 7/8%
|
| Price: | 99.119
|
| Spread: | Treasuries plus 315 bps
|
| Trade date: | Jan. 17
|
| Settlement date: | Jan. 24
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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