New Issue: Mexico's Pemex prices €1 billion 3¾% 12-year notes at 175 bps spread

By Christine Van Dusen

Atlanta, April 9 - Mexico's Petroleos Mexicanos SAB de CV (Pemex) priced a €1 billion issue of 3¾% notes due April 16, 2026 (Baa1/BBB+/BBB+) at 99.753 to yield 3.776%, or mid-swaps plus 175 basis points, a market source said.

Barclays, HSBC and Morgan Stanley were the bookrunners for the Regulation S deal.

Pemex is a Mexico City-based petrochemical company.

Issuer:	Petroleos Mexicanos SAB de CV (Pemex)
Amount:	€1 billion
Maturity:	April 16, 2026
Description:	Notes
Bookrunners:	Barclays, HSBC, Morgan Stanley
Coupon:	3¾%
Price:	99.753
Yield:	3.776%
Spread:	Mid-swaps plus 175 bps
Trade date:	April 9
Settlement date:	April 16
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB+
	Fitch: BBB+
Distribution:	Regulation S

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