Published on 1/24/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Mexico's Pemex sells $2 billion 3½% 10-year notes to yield Treasuries plus 170 bps
By Christine Van Dusen
Atlanta, Jan. 24 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) priced $2 billion 3½% 10-year notes (Baa1/BBB/BBB) at 99.724 to yield Treasuries plus 170 basis points, a market source said.
BBVA, Citigroup and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
Pemex is a Mexico City-based petrochemical company.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | $2 billion
|
| Maturity: | Jan. 20, 2023
|
| Description: | Notes
|
| Bookrunners: | BBVA, Citigroup, JPMorgan
|
| Coupon: | 3½%
|
| Price: | 99.724
|
| Spread: | Treasuries plus 170 bps
|
| Trade date: | Jan. 23
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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