Published on 7/22/2004 in the Prospect News Emerging Markets Daily.
New Issue: Mexico's Pemex sells €850 million bonds due 2016 at mid-swaps+195 bps
By Reshmi Basu
New York. July 22 - Petroleos Mexicanos (foreign debt rating Baa1/BBB-) priced €850 million bonds due 2016 to yield 195 basis points more than mid-swaps, according to a market source.
Deutsche Bank AG London and Dresdner Kleinwort Wasserstein were managers on the bond offering for Mexico's state oil company.
Issuer: Pemex Project Funding Master Trust
| Amount: | €850 million bonds
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| Issue: | Bonds
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| Maturity: | Aug. 5, 2016
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| Coupon: | 6 3/8%
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| Spread: | 195 basis points more than mid-swaps
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| Pricing date: | July 22
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| Settlement date: | Aug. 5
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| Managers: | Deutsche Bank AG London, Dresdner Kleinwort Wasserstein
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| Ratings: | Moody's: Baa1
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| Standard & Poor's: BBB-
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