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Mexico’s Pemex sets talk for add-on to 7.19% peso notes due 2024
By Christine Van Dusen
Atlanta, June 26 – Mexico’s Petroleos Mexicanos SAB de CV (Pemex) set talk for an add-on to its 7.19% peso-denominated notes due Sept. 12, 2024 at a spread in the Bonos plus 120 basis points area, a market source said.
Banamex, BBVA Bancomer, BofA Merrill Lynch, HSBC and Scotiabank are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
The existing size of the deal is Ps. 26.4 billion.
Pemex is a Mexico City-based petrochemical company.
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