By Christine Van Dusen
Atlanta, Oct. 15 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) priced a $1 billion add-on to its existing 5½% notes due June 27, 2044 (Baa1/BBB/BBB) at 110.911 to yield Treasuries plus 200 basis points, a market source said.
Deutsche Bank, Goldman Sachs and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
The original $1.75 billion issue priced in June at 107.31 to yield 5.53%, or Treasuries plus 280 bps.
Proceeds will be used for general corporate purposes.
Pemex is a Mexico City-based petrochemical company.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | $1 billion
|
| Maturity: | June 27, 2044
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, Goldman Sachs, HSBC
|
| Coupon: | 5½%
|
| Price: | 110.911
|
| Spread: | Treasuries plus 200 bps
|
| Trade date: | Oct. 15
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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