By Caroline Salls
Pittsburgh, Oct. 9 – Petroleos Mexicanos SAB de CV (Pemex) conducted a $500 million bond issue, its second issue under its 2014 financing program, according to a news release.
The Export Import Bank of the United States guarantees the issue.
The coupon will be 2.378% and the bonds will mature on April 15, 2025.
Pemex said the bonds are redeemable semi-annually, with an average life of 5.74 years.
Proceeds will be used to continue funding the development of various projects.
The agents were BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Santander Investment Securities Inc.
The company said this placement concludes its international financing program for 2014.
Pemex is a Mexico City-based petrochemical company.
Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
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Issue: | Bonds
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Amount: | $500 million
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Maturity: | April 15, 2025
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Agents: | BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Santander Investment Securities Inc.
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Guarantor: | Export Import Bank of the United States
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Coupon: | 2.378%
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Settlement date: | Oct. 8
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