By Christine Van Dusen
Atlanta, May 18 – Petroleos Mexicanos SAB de CV (Pemex) priced a combined CHF 375 million of notes due June 14, 2018 and Dec. 14, 2021 on Wednesday, a market source said.
The deal included CHF 225 million 1˝% notes due 2018 that priced at 100.211 to yield 1.392%, or mid-swaps plus 210 basis points.
The CHF 150 million 2 3/8% notes due 2021 priced at 100.55 to yield 2.269%, or mid-swaps plus 280 bps.
Credit Suisse and UBS were the bookrunners for the deal.
Pemex is a Mexico City-based petroleum company.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | CHF 375 million
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, UBS
|
| Trade date: | May 18
|
| Settlement date: | June 14
|
|
|
| 2018 notes
|
| Amount: | CHF 225 million
|
| Maturity: | June 14, 2018
|
| Coupon: | 1˝%
|
| Price: | 100.211
|
| Yield: | 1.392%
|
| Spread: | Mid-swaps plus 210 bps
|
|
|
| 2021 notes
|
| Amount: | CHF 150 million
|
| Maturity: | Dec. 14, 2021
|
| Coupon: | 2 3/8%
|
| Price: | 100.55
|
| Yield: | 2.269%
|
| Spread: | Mid-swaps plus 280 bps
|
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