Pemex $1 billion six-year notes talked at Libor plus 130-135 bps, to price Tuesday

By Paul A. Harris

St. Louis, June 7 - Pemex Project Funding Master Trust's proposed $1 billion offering of six-year floating-rate notes (Baa1/BBB-) is talked at three-month Libor plus 130 to 135 basis points, according to a market source.

The deal is expected to price on Tuesday.

HSBC and Lehman Brothers are running the books.

The issuer is a financing subsidiary of Petroleos Mexicanos SA.

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