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Pemex Adds Shoe, Sees More Retaps

Jan 25, 2013

Pemex added $100m to its 2023 bond during Asian market hours Thursday, exercising a 15% greenshoe option to bring the total size to $2.1bn. The Mexican state-owned oil company priced the Baa1/BBB bond Wednesday at 99.724 with a 3.500% coupon to yield 3.533%, or UST+170bp. BBVA, Citi and JPMorgan led the deal. Pemex’s...

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