Pemex Reopens Euros for Borrowers
Pemex pounced on attractive relative pricing in Europe Wednesday with a tightly priced EUR1bn 2017 issue, the first non-sovereign public deal from LatAm in that currency since 2005. The sale targeting European investors priced at 99.311 with a 5.500% coupon to yield 5.623%, or mid-swaps plus 250bp, following 255bp area guidance. Demand reached EUR2.6bn, according to...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.