By Christine Van Dusen
Atlanta, Nov. 21 - Petroleos Mexicanos SAB de CV (Pemex) priced a €1.3 billion issue of 3 1/8% seven-year notes at 99.358 to yield 3.229%, or mid-swaps plus 173 basis points, a market source said.
BBVA, Credit Suisse and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to finance the company's investment program, for working capital needs and to redeem, repurchase or refinance debt.
Pemex is a Mexico City-based petrochemical company.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | €1.3 billion
|
| Maturity: | Nov. 27, 2020
|
| Description: | Notes
|
| Bookrunners: | BBVA, Credit Suisse, HSBC
|
| Coupon: | 3 1/8%
|
| Price: | 99.358
|
| Yield: | 3.229%
|
| Spread: | Mid-swaps plus 173 bps
|
| Trade date: | Nov. 21
|
| Settlement date: | Nov. 27
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
