By Caroline Salls
Pittsburgh, Feb. 11 - Petroleos Mexicanos said it issued Ps. 15 million of certifacados bursatiles (mxAAA/AAA(mex)/mx.AAA) in two tranches.
The company issued Ps. 7.5 million of five-year notes with an interest rate of 91-day Cetes plus 51 basis points and Ps. 7.5 million of eight-year notes with an interest rate of 182-day Cetes plus 57 basis points.
Demand was Ps. 42 million, 2.8 times the total amount issued.
The placement agents were Acciones y Valores Banamex SA de CV, Casa de Bolsa BBVA Bancomer SA de CV and ING (Mexico) SA de CV.
Pemex is a Mexico City-based state-owned oil monopoly.
| Issuer: | Petroleos Mexicanos
|
| Issue: | Certificados bursatiles
|
| Amount: | Ps. 15 million
|
| Demand: | Ps. 42 million
|
| Settlement date: | Feb. 11
|
| Ratings: | Standard & Poor's: mxAAA
|
| Fitch: AAA(mex)
|
| Moody's: mx.AAA
|
|
|
| Five-year tranche
|
| Amount: | Ps. 7.5 million
|
| Maturity: | 2010
|
| Yield: | 91-day Cetes plus 51 basis points
|
|
|
| Eight-year tranche
|
| Amount: | Ps. 7.5 million
|
| Maturity: | 2013
|
| Yield: | 182-day Cetes plus 57 basis points
|
|
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