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Mexico’s Pemex sets talk for three-tranche dollar benchmark notes due 2019, 2021, 2026
By Christine Van Dusen
Atlanta, Jan. 28 – Mexico’s Petroleos Mexicanos SAB de CV (Pemex) set talk for a three-tranche offering of dollar-denominated and benchmark-sized notes due in 2019, 2021 and 2026, (expected ratings: Baa1/BBB+/BBB+), a market source said.
The notes due in February of 2019 were talked in the high-5% area.
The notes due in February of 2021 were talked at a yield of 6 5/8% to 6¾%.
The notes due in June of 2026 were talked in the 7 3/8% area.
Other details on the Rule 144A and Regulation S notes were not immediately available on Thursday.
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