By Christine Van Dusen
Atlanta, Dec. 6 – Petroleos Mexicanos SAB de CV (Pemex) priced a combined $5.5 billion of notes due in five and 10 years in three tranches on Tuesday, a market source said.
The $1.5 billion fixed-rate notes due in five years priced to yield 5.5%, following talk in the low-6% area.
The $1 billion five-year floating-rate notes priced at par to yield Libor plus 365 basis points.
The $3 billion 10-year fixed-rate notes priced to yield 6 5/8% after talk in the low-7% area.
BofA Merrill Lynch, Citigroup, JPMorgan, Mizuho Securities and Morgan Stanley were the bookrunners for the deal.
Other details were not immediately available on Tuesday.
Pemex is a petroleum company based in Mexico City.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | $5.5 billion
|
| Description: | Bonds
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, JPMorgan, Mizuho Securities, Morgan Stanley
|
| Trade date: | Dec. 6
|
|
|
| Five-year fixed-rate notes
|
| Amount: | $1.5 billion
|
| Maturity: | 2021
|
| Description: | Fixed-rate notes
|
| Yield: | 5˝%
|
| Price talk: | Low-6% area
|
|
|
| Five-year floaters
|
| Amount: | $1 billion
|
| Maturity: | 2021
|
| Description: | Floating-rate notes
|
| Coupon: | Libor plus 365 bps
|
| Price: | Par
|
| Yield: | Libor plus 365 bps
|
|
|
| 10-year notes
|
| Amount: | $3 billion
|
| Maturity: | 2026
|
| Yield: | 6 5/8%
|
| Price talk: | Low-7% area
|
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