Mexico's Pemex launches $4 billion notes due 2019, 2024, 2045

By Christine Van Dusen

Atlanta, Jan. 15 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) launched a three-part, $4 billion offering of notes due in 2019, 2024 and 2045 (Baa1/BBB+/BBB+), a market source said.

The $500 million notes due January 2019 launched at Treasuries plus 145 basis points.

The $500 million tap of the company's 2024 notes launched at 205 bps over Treasuries.

And the $3 billion notes due January of 2045 launched at Treasuries plus 260 bps.

BofA Merrill Lynch, Deutsche Bank and Goldman Sachs are the bookrunners for the Rule 144A and Regulation S deal.

Pemex is a Mexico City-based petrochemical company.

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