By Reshmi Basu
New York, June 1 - Petroleos Mexicanos SA priced $1 billion of 10-year bonds to yield 5.76% and $500 million of 30-year bonds to yield 6.70%, according to a market source.
Proceeds from the sale will be used for liability management and capital expenditures.
Credit Suisse First Boston and Lehman Brothers ran the books for the Rule 144A/Regulation S offering.
Pemex, based in Mexico, is a state-owned oil monopoly.
Issuer: Pemex Project Funding Master Trust
Guarantor: Petroleos Mexicanos (Pemex)
| Total amount: | $1.5 billion
|
| Pricing date: | June 1
|
| Bookrunners: | Credit Suisse First Boston, Lehman Brothers
|
| Ratings: | | Moody's: Baa1
|
| Standard & Poor's: BBB
|
|
|
| 10-year tranche
|
| Issue: | 10-year bullet
|
| Amount: | $1 billion
|
| Maturity: | December 2015
|
| Yield: | 5.76%
|
|
|
| 30-year tranche
|
| Issue: | 30-year bullet
|
| Amount: | $500 million
|
| Maturity: | June 2035
|
| Yield: | 6.70%
|
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