By Christine Van Dusen
Atlanta, Feb. 14 – Mexico’s Petroleos Mexicanos SAB de CV (Pemex) priced €4.25 billion of notes in tranches due in 2021, 2024 and 2028 (Baa3//BBB+) on Tuesday, a syndicate source said.
The €1.75 billion 2½% notes due Aug. 21, 2021 priced at 99.957 to yield 2.512%.
The €1.25 billion 3¾% notes due Feb. 21, 2024 priced at 99.463 to yield 3.839%.
And the €1.25 billion 4 7/8% notes due Feb. 21, 2028 priced at 99.135 to yield 4.979%.
BNP Paribas, Credit Agricole CIB, Deutsche Bank and HSBC were the bookrunners for the deal.
Pemex is a petroleum company based in Mexico City.
| Issuer: | Petroleos Mexicanos SAB de CV (Pemex)
|
| Amount: | €4.25 billion
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, Credit Agricole CIB, Deutsche Bank, HSBC
|
| Trade date: | Feb. 14
|
| Settlement date: | Feb. 21
|
| Ratings: | Moody’s: Baa3
|
| Fitch: BBB+
|
|
|
| Notes due 2021
|
| Amount: | €1.75 billion
|
| Maturity: | Aug. 21, 2021
|
| Coupon: | 2½%
|
| Price: | 99.957
|
| Yield: | 2.512%
|
|
|
| Notes due 2024
|
| Amount: | €1.25 billion
|
| Maturity: | Feb. 21, 2024
|
| Coupon: | 3¾%
|
| Price: | 99.463
|
| Yield: | 3.839%
|
|
|
| Notes due 2028
|
| Amount: | €1.25 billion
|
| Maturity: | Feb. 21, 2028
|
| Coupon: | 4 7/8%
|
| Price: | 99.135
|
| Yield: | 4.979%
|
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